Identify the Following Terms

question 94

Short Answer

Identify the following terms.
-the Comintern

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Definitions:

Autonomous C

Autonomous consumption, the level of spending not influenced by current levels of income.

Induced C

Induced consumption, which refers to the spending by households that varies with income levels.

Induced Consumption

Induced consumption is the portion of consumer spending that increases with income, implying that as people earn more, they tend to spend more.

Disposable Income

Available monetary resources for households post-income tax for spending and saving purposes.