Examlex
John Watson is most clearly linked with:
APC
Average Propensity to Consume, the fraction of income that households spend on consumption as opposed to saving.
MPS
An acronym that can stand for multiple financial and economic terms, such as Marginal Propensity to Save, which indicates the fraction of additional income that a household saves.
45-Degree Line
In economics, a line on a graph that shows where the value of the goods and services produced in an economy equals the total income earned in that same economy.
Disposable Income
Income that is available for saving and spending after income taxes have been deducted.
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