Examlex
The phase that shows the most erratic growth is
Induced Consumption
Refers to the portion of consumer spending that changes in response to changes in income levels, typically increasing as disposable income rises.
Dissaving
The action of spending more money than received as income, typically by drawing down savings or borrowing.
45-Degree Line
In economics, a graphical representation used in Keynesian cross diagrams, where the line represents points where aggregate expenditure equals national income.
APC
The average propensity to consume, which is the ratio of consumption spending to disposable income.
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