Multiple Choice
What are induced consumption and the marginal propensity to consume,respectively?
A) The amount of income that results from higher levels of consumption and the change in income divided by the change in consumption.
B) The amount of consumption that results from higher levels of income and the change in consumption divided by the change in income.
C) The amount of consumption that occurs at zero income and the change in consumption divided by the change in income.
D) The amount of consumption that occurs at zero income and the change in income divided by the change in consumption.
Correct Answer:

Verified
Correct Answer:
Verified
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