Examlex
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Permanent Income Hypothesis
A theory suggesting that a person's consumption at a point in time is determined not just by their current income but by their longer-term income expectations.
Consumer Binge
A period characterized by excessive spending and consumption by consumers.
Bank Credit Cards
Financial instruments issued by banks that allow holders to borrow funds up to a predetermined limit for purchases or cash withdrawals.
Durable Goods
Goods that are designed to last and be used over a long period, such as vehicles, appliances, and furniture.
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