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10 cards from this deck
Consumers determine what gets produced via their purchase choices
Goods designed to wear out quickly to encourage repeat purchases
YYY = disposable income, CCC = consumption, SSS = savings
CY\frac{C}{Y}YC (consumption divided by income)
SY\frac{S}{Y}YS (savings divided by income)
1 (every dollar is either spent or saved)
Proportion of each extra dollar of income spent on consumption
1 (each extra dollar is either spent or saved)
APS rises (people save a higher proportion of income)
Young (dis-save), working-age (save), retired (dis-save)
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