Examlex
How many normal curves are there in the spinal column?
APC
Average Propensity to Consume, which is the fraction of income that households spend on consumption as opposed to saving.
APS
Stands for Average Propensity to Save, which measures the proportion of income that households save rather than spend on goods and services.
Autonomous Consumption
The level of consumption that occurs when income is zero, representing the consuming behavior independent of current income.
Aggregate Household
The combined and total measure of all consumers in an economy, accounting for all spending and consumption.
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