Multiple Choice
Jennifer earns an above average income and holds part of her wealth in the form of government bonds. Curtis earns an average income and holds no government bonds. Government increases taxes in order to pay the debt. What is the most likely results?
A) Investment will increase.
B) Income will be redistributed from Jennifer to Curtis.
C) Income will be redistributed from Curtis to Jennifer.
D) The productive capabilities of the economy will increase.
Correct Answer:
Verified
Correct Answer:
Verified
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