-Refer to the figure above. Which of the following could have caused the shift in the supply curve?
Definitions:
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.
Total Saving
The sum of personal, business, and government savings within an economy.
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