Examlex
A social consequence of the richness of Internet information is:
Consumption Function
An economic formula representing the relationship between total consumption and gross national income.
Income Rises
An increase in the amount of money received by households or individuals over a period of time.
Level Of Consumption
The total amount of goods and services consumed by households over a certain period.
MPC
Marginal Propensity to Consume, which is the proportion of an increase in income that gets spent on consumption.
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