-According to the above table, as the level of real disposable income decreases
Definitions:
Syllogism Validity
The measure of whether a deductive argument is logically sound, where the conclusion necessarily follows from the premises.
Traditional View
The traditional view often refers to the long-established or conventional perspective on a subject.
Existential Import
the implication that something exists, commonly discussed in the context of categorical statements or propositions in logic.
Traditional View
A perspective or approach that is rooted in long-standing practices, beliefs, or theories, often contrasted with more modern or innovative viewpoints.
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