Examlex
If two nations are equally armed it is highly likely that neither will initiate a conflict.
Aggregate Income
The total income earned by all individuals and entities within an economy during a given time period.
Consumption Function
An economic formula representing the relationship between total consumption and gross national income, indicating how changes in income affect spending.
Aggregate Income
The sum of earnings for all people and organizations within a specific economic system.
Consumption Function
A mathematical expression in economics showing how total consumption is related to the gross national income.
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