Examlex
91 Which of the following statements about television viewing is TRUE?
Autonomous Consumption
The level of consumption that occurs when income is zero, showing the basic level of consumption necessary for survival.
Permanent Income Hypothesis
A theory suggesting that people's consumption decisions are based on their long-term income expectations rather than their current disposable income.
Negative Savings
A situation where spending exceeds income, resulting in a deficit rather than savings.
Price Ceiling
A legally established maximum price that can be charged for a good or service, typically set by government.
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