Examlex
Match the time of year in a temperate deciduous forest with the correct event or situation described below.
-leaves turn colors
Induced Consumption
The portion of consumer spending that increases with an increase in disposable income, implying that as people earn more, they tend to spend more.
APC
In economics, it stands for Average Propensity to Consume, indicating the fraction of income that is spent.
Disposable Income
Resources households have at their disposal for saving and expenditure once income taxes have been accounted for.
Marginal Propensity
Typically refers to the marginal propensity to consume (MPC), which is the proportion of an additional income that a consumer spends on goods and services as opposed to saving it.
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