Examlex
The grasping reflex disappears in about ____________ months and is replaced by ____________.
Marginal Propensity
The ratio of change in an economic variable, such as consumption or saving, to a change in another variable, like income.
Disposable Income
The net income available to individuals or households after taxes have been deducted, available for spending, saving, or investing.
Consumption
The act of using goods and services by households, contributing to the overall demand in an economy.
Consumption Function
An economic formula that represents the relationship between total consumption and gross national income.
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