Question: Explain the difference between induced consumption expenditure and autonomous consumption expenditure. Question content area bottom Part 1 Induced consumption expenditure _ _ _ _ _
Explain the difference between induced consumption expenditure and autonomous consumption expenditure.
Question content area bottom
Part
Induced consumption expenditure Autonomous consumption expenditure
A
increases as real GDP increases;
decreases as real GDP increases
B
varies with real GDP;
does not vary with real GDP
C
decreases as real GDP increases;
increases as real GDP increases
D
does not vary with real GDP;
varies with real GDP
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