How much is induced consumption?

C = $4.5 trillion
Disposable income = $5 trillion
Autonomous consumption = $3 trillion


$1.5 trillion

Economics

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Explain what will happen if firms in a monopolistically competitive industry are earning positive economic profits

What will be an ideal response?

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A. screening. B. building a reputation. C. statistical discrimination. D. None of these statements is true.

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In adaptive expectations, people and firms

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Economics