Examlex
Scenario analysis is a statistics-based behavioral approach that applies predetermined probability distributions and random numbers to estimate risky outcomes.
APC
Usually refers to Average Propensity to Consume, which is the fraction of income spent on consumption rather than saved.
Income
Money received, especially on a regular basis, for work or through investments, constituting the financial resource available to individuals or entities for expenditure or investment.
Income
Earnings received through work, investments, or government benefits, among other sources.
Permanent Income Hypothesis
A theory suggesting that an individual's consumption at any given time is determined not just by current income but also by their longer-term income expectations.
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