Question
Because revenue from personal income taxes automatically decreases as disposable income decreases, a recession causes: A. the size of the multiplier to decrease. B. the
Because revenue from personal income taxes automatically decreases as disposable income decreases, a recession causes:
A. the size of the multiplier to decrease.
B. the marginal propensity to consume to decrease.
C. the size of the multiplier to increase.
D. the marginal propensity to save to increase.
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Global Business Today
Authors: Charles W. L. Hill Dr, G. Tomas M. Hult
10th edition
1259686698, 978-1259686696
