Induced consumption expenditures . ( LO5 ) a) fall as income rises b) are always equal to

Question:

Induced consumption expenditures

. ( LO5 )

a) fall as income rises

b) are always equal to autonomous consumption expenditures

c) plus saving equals total consumption expenditures

d) represent consumption that is independent of income

e) are infl uenced mainly by income

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Economics

ISBN: 125375

10th Edition

Authors: Stephen Slavin

Question Posted: