Question
If personal income taxes are increased by $10, MPC=0.8, thendisposable income will _____and consumption will_____. increase by $10; increase by $8. stay the same, stay
If personal income taxes are increased by $10, MPC=0.8, thendisposable income will _____and consumption will_____.
increase by $10; increase by $8.
stay the same, stay the same
decrease by $10; decrease by $8.
decrease by $10; decrease by $10
If personal income taxes are increased by $10, MPC=0.8, thendisposable income will _____and consumption will_____.
increase by $10; increase by $8.
stay the same, stay the same
decrease by $10; decrease by $8.
decrease by $10; decrease by $10
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
978-0538453257
