Multiple Choice
Which of the following would cause the level of income to change by the greatest amount,ceteris paribus?
A) An increase in Social Security payments of $10 billion.
B) A reduction in personal income taxes of $10 billion.
C) An increase in defense spending of $10 billion.
D) All of the other choices have equal impacts on the level of income.
Correct Answer:

Verified
Correct Answer:
Verified
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