Examlex
What is adolescent egocentrism? What are its key components?
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.
Dissaving
Occurs when individuals withdraw funds from their savings, often due to expenditures exceeding income during a specific period.
Autonomous Consumption
The level of consumption that occurs when income is zero; it is the base level of spending that must occur even if an individual has no income.
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