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There is a foramen ovale in the skull and another one in the heart. The foramen ovale in the heart gives rise to the
Induced Consumption
The portion of consumer spending that increases or decreases as disposable income increases or decreases, respectively.
Disposable Income
The collective fiscal pool available to households for spending and saving post income tax engagements.
Induced Consumption
The concept in Keynesian economics referring to the portion of consumer spending that increases with income. Higher income levels tend to lead to higher consumer spending.
Disposable Income
The total financial resources available to people or households for savings and expenses after subtracting income tax.
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