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If a lump-sum income tax of $25 billion is levied and the MPS is 0.4, the consumption schedule will shift Multiple Choice downward by $15

If a lump-sum income tax of $25 billion is levied and the MPS is 0.4, the consumption schedule will shift

Multiple Choice

downward by $15 billion.
upward by $15 billion.
downward by $25 billion.
downward by $10 billion.

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