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Discuss the population trends associated with prisons, and provide two examples from the chapter about how states have been dealing with overpopulation.
Induced Consumption
Induced consumption is the portion of consumer spending that increases with income, implying that as people earn more, they tend to spend more.
Disposable Income
Available monetary resources for households post-income tax for spending and saving purposes.
Consumption
The use of goods and services by households. It is a primary component of economic activity and a key indicator of economic health.
Dissaving
Dissaving occurs when expenditures exceed income, leading to a depletion of savings or the accumulation of debt.
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