Through income and substitution effect, inflation will also impact on savings and consumption.
通过收入效应和替代效应,通货膨胀还将对储蓄和消费产生影响。
参考来源 - 中国通货膨胀对居民收入的影响分析·2,447,543篇论文数据，部分数据来源于NoteExpress
The income effect is far more powerful than the substitution effect.
收入效应远远比替代效应强大。
That’s not a paradox, because rising wages have an income as well as a substitution effect.
这不是悖论，是因为工资增长有收入效应还有替代效应。
That's not a paradox, because rising wages have an income as well as a substitution effect.
这不是悖论，是因为工资增长有收入效应还有替代效应。
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