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Assume the asset market is always in equilibrium. Therefore a fall in Y would result in
Poverty Line
The minimum level of income deemed adequate in a particular country, below which individuals are considered to live in poverty.
Poverty Line
The lowest amount of income considered sufficient for a basic standard of living in a specific country, under which an individual is classified as impoverished.
Poverty Rate
The proportion of the population living below the poverty line, indicating the percentage of people whose income is insufficient to meet the basic needs such as food, shelter, and clothing.
Hispanics
An ethno-linguistic group of people traditionally linked to countries that are Spanish-speaking, primarily located in Latin America, but also significantly represented in the United States.
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