Methods Describe the Specific Ways in Which Scholars Collect and Analyze

question 21

True/False

Methods describe the specific ways in which scholars collect and analyze data, the results of which they use to test theories.

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Definitions:

Dissaving

When consumption is greater than disposable income; negative saving.

APC

In economics, stands for Average Propensity to Consume, which is the fraction of income spent on consumption.

APS

The Average Propensity to Save, which is the fraction of total income that households save rather than spend on consumption.

APC

Stands for Average Propensity to Consume, which is the fraction of income that households spend on consumption rather than saving.