Examlex
Prove the identity.
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Induced Consumption
Spending induced by changes in the level of income.
Autonomous Consumption
The minimum amount that people will spend on the necessities of life.
Income
The financial gain or money received by an individual or a business from various sources like work, investments, or transfers, during a specific period.
Consumption
The act of using goods and services for personal needs or to satisfy consumer desires.
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