Examlex
One centimeter is equal to:
APC
Average Propensity to Consume, which is the fraction of income that is consumed rather than saved.
MPS
The marginal propensity to save refers to the portion of each additional dollar of income that is set aside for savings instead of being spent.
Induced Consumption
Consumer spending that increases when income increases and decreases when income decreases.
Autonomous Consumption
Consumer spending that does not change in response to fluctuations in income, reflecting basic, non-discretionary expenditures.
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