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What is induced spending? a. The level of spending which varies with the level of prices. b. The portion of income that is dependent on

What is induced spending?

a. The level of spending which varies with the level of prices.

b. The portion of income that is dependent on the level of spending.

c. The portion of total spending that is dependent of the level of income.

d. The portion of total spending that is independent of the level of income.

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