商品价格变动所引起消费者实际水平的变动，从而引起商品需求量变化的现象income effect

• 全球化进程原来是以收入效应为主。

  The progress of globalization is based originally on the income effect.

• 一旦降息，中国家庭收入效应大于替代效应。

  As soon as interest rates are reduced, the income effect of Chinese families will be greater than the effect of substitution.