Multiple Choice
What is the impact on disposable income and consumption when taxes are increased?
A) Disposable income increases, leading to a decrease in consumption.
B) Disposable income decreases, leading to a decrease in consumption.
C) Disposable income decreases, leading to an increase in consumption.
D) Disposable income increases, leading to an increase in consumption.
Correct Answer:
Verified
Correct Answer:
Verified
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