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If a lump-sum income tax of $50 billion is levied and the MPS is 0.2, the consumption schedule will shift Multiple Choice downward by $40
If a lump-sum income tax of $50 billion is levied and the MPS is 0.2, the consumption schedule will shift
Multiple Choice
- downward by $40 billion.
- upward by $40 billion.
- downward by $50 billion.
- downward by $10 billion.
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Principles of Economics
Authors: N. Gregory Mankiw
8th edition
1305585127, 978-1305971493, 978-1337516860, 1337516864, 978-0357539200, 978-1305585126
