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Any Increase in the Present Value of Taxes for the Consumer

Question 54

Multiple Choice

Any increase in the present value of taxes for the consumer implies


A) an increase in lifetime wealth and an increase in current labour supply.
B) an increase in lifetime wealth and a decrease in current labour supply.
C) a decrease in lifetime wealth and an increase in current labour supply.
D) a decrease in lifetime wealth and a decrease in current labour supply.
E) a decrease in lifetime wealth and a decrease in current consumption demand.

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