When Planning Your Study Time, You Should Keep Your Phone

question 84

True/False

When planning your study time, you should keep your phone nearby and turned on in case you get an important phone call, text, or e-mail.

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Definitions:

Consumption

The act of using goods and services for personal needs or to satisfy consumer desires.

45-Degree Line

A line in economics graphs that depict equilibrium points where the value of one variable equals the value of another; commonly used in Keynesian cross diagrams to show where aggregate expenditure equals aggregate output.

Saving

The portion of income not spent on current consumption, but rather set aside for future use or investment.

Trillion

A numerical value represented as 1,000,000,000,000 or 10^12, commonly used to quantify large sums, such as government budgets and the global economy.