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If a lump-sum income tax of $30 billion is levied and the MPS is 0.2, the consumption schedule will shift Multiple Choice downward by $24
If a lump-sum income tax of $30 billion is levied and the MPS is 0.2, the consumption schedule will shift
Multiple Choice
- downward by $24 billion.
- upward by $24 billion.
- downward by $30 billion.
- downward by $6 billion.
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Survey of Economics
Authors: Irvin B. Tucker
8th edition
1111989664, 978-1133713357, 1133713351, 978-1111989668
