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income-consumption line

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A graphical delineation of the relationship between household income and spending to gauge the health of the economy as measured by the increase or decrease of savings. Used by economists to forecast economic growth, inflation and the business cycle.
  • immediate famil...

  • dislocated work...

  • business

  • globalization

  • marginal benefi...

  • revenue

  • product

  • elasticity of d...

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