Induced Consumption is: A. that part of consumption that varies with the level of GDP B. that part of consumption that varies with nondurable goods C. that part of consumption that varies with durable goods D. that part of consumption that varies with the level of disposable income
Induced Consumption is: A. that part of consumption that varies with the level of GDP B. that part of consumption that varies with nondurable goods C. that part of consumption that varies with durable goods D. that part of consumption that varies with the level of disposable income
Chapter9: Aggregate Demand
Section: Chapter Questions
Problem 2.4P
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Question
Induced Consumption is:
A. |
that part of consumption that varies with the level of GDP
|
|
B. |
that part of consumption that varies with nondurable goods
|
|
C. |
that part of consumption that varies with durable goods
|
|
D. |
that part of consumption that varies with the level of disposable income
|
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