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Identify/define and Explain the Significance of the Following: Michael VIII

question 45

Essay

Identify/define and explain the significance of the following: Michael VIII Palaeologus.


Definitions:

APC

The Average Propensity to Consume calculates the portion of income that families allocate towards consumption as opposed to savings.

United States

A country located in North America, known for its large economy and diverse population, consisting of 50 states and a federal district.

United States

A country located primarily in North America, consisting of 50 states and a federal district, known for its large economy and diverse population.

Savings Rate

The proportion of disposable income that is saved by an individual or household instead of being spent.

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