1. Induced consumption is: (a) the part of consumption which is independent of the level of income. (b) the minimum level of consumption that is financed from sources other than income. (c) The maximum level of consumption that is financed from sources other than income. (d) shown by the slope of the consumption function.

1. Induced consumption is: (a) the part of consumption which is independent of the level of income. (b) the minimum level of consumption that is financed from sources other than income. (c) The maximum level of consumption that is financed from sources other than income. (d) shown by the slope of the consumption function.

Macroeconomics: Principles and Policy (MindTap Course List)

13th Edition

ISBN:9781305280601

Author:William J. Baumol, Alan S. Blinder

Publisher:William J. Baumol, Alan S. Blinder

Chapter8: Aggregate Demand And The Powerful Consumer

Section: Chapter Questions

Problem 8DQ

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