Examlex
Biologists use the term race __________.
Wealth Effect
The change in spending that accompanies a change in perceived wealth, typically when home values or investment portfolios increase.
Induced Consumption
Describes consumer spending that increases when income increases and decreases when income decreases, directly related to the level of disposable income.
Average Propensity
The proportion of total income or revenue that is spent on a certain category of expenditures or savings.
Save
The process of setting aside a portion of current income for future use or investment.
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