Other things equal, a direct (positive) relationship exists between income and consumption and income and saving. The
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Other things equal, a direct (positive) relationship exists between income and consumption and income and saving.
The consumption and saving schedules show the various amounts that households intend to consume and save at the various income and output levels, assuming a fixed price level.
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Economics Principles Problems And Policies
ISBN: 9780073511443
19th Edition
Authors: Campbell Mcconnell ,Stanley Brue ,Sean Flynn
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