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Provide a detailed, stepwise mechanism for the reaction of propanoyl chloride with ammonia.
Induced Consumption
The portion of consumer spending that varies with changes in disposable income, suggesting that as people earn more, they spend more.
Autonomous Consumption
The level of consumption that occurs when income is zero, reflecting the basic level of consumption that does not vary with disposable income.
Disposable Income
Monetary provision for households to engage in saving and spending after the imposition of income taxes.
Induced Consumption
Refers to the portion of consumer spending that changes in response to changes in income levels, typically increasing as disposable income rises.
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