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What is a tact?
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.
Disposable Income
The finance available to households for expenditures and saving after reducing income taxes.
Disposable Income
Money that households can earmark for spending and saving after income taxes are considered.
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