Multiple Choice
If personal taxes are cut temporarily, the resulting
A) increase in personal saving would be larger than if they were cut permanently.
B) decrease in personal saving would be larger than if they were cut permanently.
C) decrease in personal saving would be smaller than if they were cut permanently.
D) increase in personal saving would be smaller than if they were cut permanently.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Disposable income can be defined as national
Q3: Which factors will cause the consumption function
Q4: A movement from one point to another
Q5: Do economists know the value of the
Q6: A change in the value of consumer's
Q7: If inflation rises more quickly in the
Q8: Imports are a leakage in the sense
Q9: The numerical value of the MPC is
Q10: The slope of the consumption function is
Q11: Most statistical studies on the relationship between