Multiple Choice
What is induced spending?
A) The portion of total spending that is dependent of the level of income.
B) The portion of total spending that is independent of the level of income.
C) The level of spending which varies with the level of prices.
D) The portion of income that is dependent on the level of spending.
Correct Answer:
Verified
Related Questions
Q1: How is savings defined?
A)S = Y +
Q2: What is meant by dis-savings?
A)The level of
Q4: Which of the following is true of
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