Examlex
Which of the following items is not included in the most narrow definition of money,M1?
Consumption
The act of households utilizing goods and services.
Disposable Income
The sum of funds that families can allocate to expenditure and savings once they've paid their income taxes.
MPC
The marginal propensity to consume, which represents the proportion of an increase in income that is spent on consumption rather than being saved.
Saving
The share of earnings not used for immediate spending but saved or invested for future needs.
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