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SPAWN.
Last seen on: NY Times Crossword 11 Feb 23, Saturday
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Induced consumption is the portion of consumption that varies with disposable income. When a change in disposable income “induces” a change in consumption on goods and services, then that changed consumption is called “induced consumption”. In contrast, expenditures for autonomous consumption do not vary with income. For instance, expenditure on a consumable that is considered a normal good would be considered to be induced.
In the simple linear consumption function,
C = a + b × Y d {\displaystyle C=a+b\times Y_{d}}
induced consumption is represented by the term b × Y d {\displaystyle b\times Y_{d}} , where Y d {\displaystyle Y_{d}} denotes disposable income and b {\displaystyle b} is called the marginal propensity to consume.
Random information on the term “SPAWN”:
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Got Mercury? is a public awareness campaign about mercury levels in seafood. It is sponsored by the Sea Turtle Restoration Project (STRP) and its parent organization, the Turtle Island Restoration Network (TIRN). The name of the campaign is based on the successful Got Milk? advertising campaign.
Although the STRP was founded to protect sea turtles in their natural habitats, the organization began the Got Mercury? campaign in 2002. The campaign advocates that supermarkets and restaurants post warning signs about mercury contamination in seafood, require them to regularly screen seafood for levels of mercury under one part per million and that species that contain the “highest levels of mercury” should be removed from the shelves. In 2004, the organization created an online mercury seafood calculator, one that was mimicked by the free market Center for Consumer Freedom not long thereafter.
On March 17, 2008, Got Mercury? issued a report entitled, Mercury in Seafood: No Fair Warning, which included these findings: