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The Monitoring the Future survey (MTF) is considered one of the most important ongoing self-report studies. MTF surveys, with few exceptions, indicated self-reported teenage participation to be more stable than the trends reported in the UCR arrest data in what areas?
Income Effect
Income effect describes the change in an individual's or economy's consumption patterns due to a change in real income.
Opportunity Cost
The cost of foregone alternatives, the value of the best alternative given up when a decision is made.
Wage Increases
Adjustments made to the salary of employees, typically to account for inflation, performance, or changes in the cost of living.
Leisure
Free time available to an individual excluding time spent on work, domestic activities, and essential needs.
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