Examlex
Employers use preliminary screening interviews to
Services
Economic activities that produce intangible goods, such as entertainment, healthcare, and education.
MPC
A measure of the rate at which consumers are likely to spend additional income, rather than save it.
APS
Average Propensity to Save; the proportion of income that an individual or population saves rather than spending on consumption.
Consumption Function
As income rises, consumption rises, but not as quickly.
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