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Samir Plans to Buy a Car and Discusses the Purchase

question 47

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Samir plans to buy a car and discusses the purchase with his parents.What is their influence on this buying decision considered?


Definitions:

Percentage

A percentage is a way of expressing a number or ratio as a fraction of 100, used to compare sizes of quantities and changes in them over time.

Automatic Stabilizers

Financial policies and schemes intended to balance out variations in a country's economic performance, avoiding extra government or policymaker involvement.

Legislative Action

The process by which laws are created, amended, or repealed within a legislative body such as a parliament or congress.

Macroeconomic Activity

The total economic activities and interactions at a national or global level, including production, consumption, saving, and investment.

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