Examlex
Which of the following statements is true?
Induced Consumption
Consumption that increases when income increases and decreases when income decreases, reflecting consumers' responsive behavior to changes in income levels.
Disposable Income
The monetary flexibility households have for saving and spending after deducting income taxes.
Consumption
The use of goods and services by households, constituting a primary component of economic activity.
Disposable Income
Funds permissible for households' usage in saving and spending post the accounting of income taxes.
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