Examlex
Which term describes the process of concentrating on one limited aspect of a stimulus and ignoring other aspects?
Induced Consumption
The concept in Keynesian economics referring to the portion of consumer spending that increases with income. Higher income levels tend to lead to higher consumer spending.
Disposable Income
The total financial resources available to people or households for savings and expenses after subtracting income tax.
Saving
The process of setting aside a portion of current income for future use, either by depositing it into a bank or purchasing a financial asset.
Disposable Income
The sum of funds available to a person or family for spending or saving once income taxes are subtracted.
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