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As the Consumption and Saving Schedules Relate to Real GDP

Question 205

Multiple Choice

As the consumption and saving schedules relate to real GDP, an increase in taxes will shift


A) upward both the consumption and saving schedules.
B) downward both the consumption and saving schedules.
C) the consumption schedule upward and the saving schedule downward.
D) the saving schedule upward and the consumption schedule downward.

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