Examlex
Acceptance into the nursing program requires that you have successfully completed eight hours of anatomy and physiology and three hours of college algebra and have an overall 3.0 grade point average. Your acceptance into the nursing program would be considered a __________ concept.
Milton Friedman
An influential American economist known for his strong belief in free-market capitalism and for his role in the development of monetarism.
Murray Weidenbaum
An economic advisor and scholar known for his work on public policy and regulation, serving as the chairman of the Council of Economic Advisers under President Ronald Reagan.
Induced Consumption
The concept that the level of consumer spending increases as disposable income rises, and decreases as disposable income falls, all else being constant.
Induced Consumption
Induced consumption is the portion of consumer spending that increases with an increase in disposable income.
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