I am studying economics and came across a term with the letter B. I am not sure what this letter represents in the context of economics. Can someone explain what B stands for in this field?
7 answers
CryptoVisionary
Sat Nov 09 2024
A list of used symbols is provided for reference.
CryptoEagle
Fri Nov 08 2024
The abbreviation '*'b' represents social benefits in this context.
KimonoGlitter
Fri Nov 08 2024
It indicates the proportion of additional income that is spent on consumption.
Gianluca
Fri Nov 08 2024
The symbol '#ca' stands for autonomous consumption.
Martino
Fri Nov 08 2024
'#cYd' represents the marginal propensity to consume out of disposable income.