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What was the Three-Fifths Compromise?
Saving
The act of setting aside money for future use, reducing current consumption.
Induced Consumption
Consumer spending that increases or decreases as a result of changes in income, as opposed to autonomous consumption that does not change with income.
Disposable Income
Income available to a household or individual after taxes have been paid, available for spending or saving.
Autonomous Consumption
The level of spending on goods and services that occurs even when income is zero, representing non-discretionary, baseline consumption.
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