Examlex
Crepitus is ________.
Income Rises
An increase in the amount of money received by households or individuals over a period of time.
Level Of Consumption
The total amount of goods and services consumed by households over a certain period.
MPC
Marginal Propensity to Consume, which is the proportion of an increase in income that gets spent on consumption.
MPS
The marginal propensity to save, which is the fraction of an increase in income that is saved rather than spent.
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