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Regarding taste and smell, amniotic fluid
45-Degree Line
A graphical representation in economics, typically used in Keynesian cross diagrams, showing points where aggregate expenditure equals total output or income.
C Line
A reference in economic models, often representing the consumption function, which shows the relationship between consumption and disposable income.
Disposable Income
The financial scope households possess for spending and saving activities, following income taxes.
APC
The Average Propensity to Consume denotes the percentage of income allocated towards consumption.
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