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The perceptual process starts with attention.
Marginal Propensity
The measure of how much consumption changes with a change in disposable income, indicating the proportion of additional income that is spent on consumption.
Consumption Spending
The total value of all goods and services consumed by households over a specified period.
Marginal Propensity
The ratio of the change in an economic variable (such as consumption or saving) in response to a change in another variable (such as income).
Disposable Income
Income remaining for a person to spend or save after all taxes have been paid.
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