Examlex
Assume the following five companies are used in computing an index
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.
Milton Friedman
An American economist known for his strong belief in free-market capitalism.
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