In 1975, Congress Passed a Tax Rebate to Spur Consumer

Multiple Choice

In 1975, Congress passed a tax rebate to spur consumer spending.Consumers

A) spent the entire amount of the tax savings, boosting the economy, as planned.
B) did not spend any of the amount of the tax savings.
C) saved a substantial share of the tax savings and spent the rest.
D) saved a small portion of the tax savings, and spent the rest.