Examlex
Is it possible to connect two propositions with the connective "because" in such a way that both propositions are asserted?
Budget Constraint
The restriction on the assortment of goods and services a consumer is able to purchase, determined by their income and the costs of those items.
Interest Rate on Savings
The percentage yield paid by financial institutions to deposit account holders on the balances in their savings accounts.
Substitution Effect
The change in consumption patterns due to a change in the relative prices of goods, leading consumers to substitute one product for another.
Income Effect
Economic principle that describes how a change in an individual's income affects their purchasing behavior.
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