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
Correct Answer:

Verified
Correct Answer:
Verified
Q58: The wealth effect will tend to decrease
Q87: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4895/.jpg" alt=" Refer to the
Q88: If disposable income decreases from $1800 to
Q90: Assume that an increase in a household's
Q91: The disposable income (DI) and consumption (C)
Q93: In an economy, for every $10 million
Q94: If the slope of a linear consumption
Q95: If consumption increases while income remains the
Q97: An MPC value of less than 1.0
Q129: A business firm will purchase additional capital