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 1
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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