Examlex
Spearman believed that general intelligence cannot be measured directly but can be inferred from various abilities.
Great Depression
A severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States.
Permanent Income Hypothesis
A theory suggesting that an individual's consumption at a point in time is determined by their expected lifetime income, not just their current income.
Consumption
Consumption involves the use of goods and services by households, and it's a primary component of economic activity.
Lottery
A lottery is a form of gambling that involves the drawing of numbers for a prize, often administered by state or federal governments.
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