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People who prefer high levels of stimulation, such as bungee-jumping or cage diving with the great white sharks, are said to be high in the trait of
Consumption Function
An economic formula representing the relationship between total consumption and gross national income, indicating how income changes affect spending habits.
Aggregate Income
The total income earned by all factors of production in an economy over a specific time period, including wages, rents, interest, and profits.
Aggregate Consumption
The total amount of goods and services consumed in an economy over a given period of time.
Consumption Function
A formula that expresses the relationship between total consumption and gross national income.
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