Multiple Choice
As a general rule, when an income tax is added to the basic macroeconomic model, what happens to the consumption schedule?
A) It will shift downward.
B) It will shift upward.
C) It will become flatter.
D) It will become steeper.
Correct Answer:
Verified
Correct Answer:
Verified
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Q99: Figure 11-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 11-2
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