This economic term refers to the benefits, in usefulness and/or increased status, that consumption spending brings.
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The spending multiplier is defined as a. $1 /(1-$ marginal propensity to consume) b. $1 /$ marginal propensity to consume). c. $1 /(1-$ marginal propensity to save). d. $1 /$ marginal propensity to consume $+$ marginal propensity to save).
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That part of income, which is not spent on consumption, is called _________. (expenditure / saving / investment / public debt), Fill in the blank with appropriate alternative given in the bracket.
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