Examlex
Consider a consumption function of the following form: C = 50 + (0.6) YD. At what level of disposable income will desired savings be equal to zero?
Base Year
A reference year against which economic or financial data is compared to measure economic performance or inflation.
Prices
Monetary values assigned to goods and services, which are determined by supply and demand dynamics in the market.
Misery Index
An economic indicator created by summing the unemployment rate and the inflation rate, intended to measure the health of an economy.
Current
Relevant to the present time or most recent; also, a flow of electricity or the flow of water in a river or sea.
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