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Suppose you like to make,from scratch,pies filled with banana cream and vanilla pudding.You notice that the price of bananas has increased.As a result,your demand for vanilla pudding would
Consumption
The total value of goods and services used by households and non-profit institutions serving households, excluding purchases of dwellings.
Saving
The act of setting aside money for future use, often by depositing it in a bank or investing in assets.
Disposable Income
The total money a person or household can use for saving or spending after deducting income taxes.
Autonomous Consumption
The level of consumption that would still occur even if a consumer had no income, driven by basic needs and commitments.
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