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Lara is of low socioeconomic status (SES) and lives in a low-SES neighborhood.Larry is of low SES but lives in a high-SES neighborhood.(Note that low SES here means less than $10,000 per year. ) Which of the two will likely have a longer life expectancy?
Future Prices
The expected price of a commodity, security, or currency set in a futures contract for delivery and payment at a specified future date.
Consumption Function
An economic formula representing the relationship between total consumption and gross national income, suggesting that people will spend more as their income increases.
Price Level
A metric that represents the median of present prices for all types of goods and services in the economy.
Future Expectations
The anticipations or outlook that consumers and businesses have about economic conditions that affect their spending and investment decisions.
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