Examlex
Choose one kind of evolutionary force and explain it.
Autonomous Consumption
The level of spending on goods and services that occurs even when income is zero, representing non-discretionary, baseline consumption.
Disposable Income
The financial stipend available to households for spending and saving endeavors after income taxes are considered.
Autonomous Consumption
The level of consumption expenditure that occurs when income levels are zero, reflecting the basic level of consumption that does not depend on current income.
APS
An acronym for Average Propensity to Save, which is the ratio of savings to the total net disposable income.
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