Examlex
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APC
The acronym for Average Propensity to Consume, which measures the fraction of income that households spend on goods and services rather than saving.
Disposable Income
The cash pile households can utilize for their spending and savings needs after income taxes are handled.
MPC
Marginal Propensity to Consume, which represents the ratio of change in consumer spending to a change in household income.
MPS
The marginal propensity to save, which is the proportion of an increase in income that is saved rather than spent on consumption.
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