Examlex
Odysseus spent _____ trying to return to his homeland.
Induced Consumption
The portion of spending by households that increases with their income, demonstrating how consumer spending is influenced by changes in income.
Autonomous C
Consumer spending that does not depend on current income, influenced by factors like confidence and wealth, key for understanding economic fluctuations.
Induced C
Refers to the consumption that varies with income levels; as income increases, so does the consumption level.
Autonomous Consumption
the level of consumption that occurs when income is zero, representing the expenditures necessary to meet basic needs.
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