Consumption is made up of two parts: autonomous (a) and induced consumption by. Induced consumption represents the marginal propensity to consume part of income. Hence, the consumption function, C = a + by.
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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /usr/www/users/mywaecf/KEYPOINT/wp-includes/functions.php on line 6121Consumption is made up of two parts: autonomous (a) and induced consumption by. Induced consumption represents the marginal propensity to consume part of income. Hence, the consumption function, C = a + by.