Principles and Problems of Modern Economics |
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Page 213
... consumption function - the way in which total spending or consumption depends upon family disposable income . Such a schedule is shown in Fig . 8.3 . We notice that the slope of the consumption curve becomes less steep at higher income ...
... consumption function - the way in which total spending or consumption depends upon family disposable income . Such a schedule is shown in Fig . 8.3 . We notice that the slope of the consumption curve becomes less steep at higher income ...
Page 215
... consumption is just equal to income , the family must either save something or dissave , according to whether consumption is less than or more than income . We can take the differences between the consumption line and the 45 ° helping ...
... consumption is just equal to income , the family must either save something or dissave , according to whether consumption is less than or more than income . We can take the differences between the consumption line and the 45 ° helping ...
Page 280
... consumption C ( Y - T ) Taxes Y T Y Figure 9.17 . Effect of taxation on the consumption schedule . propensity to consume out of disposable income in a diagram similar to Fig . 9.15 . In Fig . 9.17 we again have two consumption schedules ...
... consumption C ( Y - T ) Taxes Y T Y Figure 9.17 . Effect of taxation on the consumption schedule . propensity to consume out of disposable income in a diagram similar to Fig . 9.15 . In Fig . 9.17 we again have two consumption schedules ...
Contents
The Development of Modern Economic Problems | 23 |
Economic | 39 |
A Simple Model of the Economy | 53 |
Copyright | |
57 other sections not shown
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Adam Smith agricultural amount areas assets average bank become billion capital commodity consumer consumption corporation cost curve cycle debt demand curve depression diagram discussion dollar economists economy effect efficiency elasticity enterprise equal equilibrium example expenditures exports factor factors of production farmers Federal Reserve Figure firm full employment gold higher important increase indifference curve individual industry inelastic inflation interest rate investment labor large number less manufacturing marginal cost marginal product marginal revenue means ment mercantilists merely monetary monopolistic competition multiplier national income operations organized output payments percent problem profits purchase pure competition quantity ratio real income reduce rent reserve ratios result saving schedule sell situation slope social spending sumer supply and demand supply curve surplus tariff taxes tend theory tion trade union United wages workers