What Is Induced Spending

question 15

Multiple Choice

What is induced spending?

• A)The portion of total spending that is dependent of the level of income.
• B)The portion of total spending that is independent of the level of income.
• C)The level of spending which varies with the level of prices.
• D)The portion of income that is dependent on the level of spending.

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Definitions:

Gomphoses

A type of fibrous joint that is a peg-in-socket, such as the joint between a tooth and its socket in the jaw.

Hip And Shoulder

Joints that connect the limbs to the torso; the hip being the articulation between the pelvis and the femur, and the shoulder connecting the upper arm to the torso.

Gliding Motion

A smooth movement where surfaces slide past one another, typical in some types of joints like the carpals of the wrist.

Plane Joint

A type of synovial joint which allows only sliding or gliding movements where the articular surfaces are flat.