Examlex
Match each word part meaning with its correct word part.
-Abnormal reduction in number
MPC
The marginal propensity to consume, indicating the proportion of an additional unit of income that is spent on consumption.
MPS
Marginal Propensity to Save, which is the portion of additional income that a household saves rather than consumes.
APS
Assumes "APS" refers to "Average Propensity to Save," which is the proportion of total income or output that is saved rather than spent on consumption.
Induced Consumption
Refers to the portion of consumer spending that increases or decreases in response to changes in income.
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