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Which of the following statements about the consumption and saving schedules is incorrect? Multiple Choice The consumption and saving schedules usually are relatively stable unless
Which of the following statements about the consumption and saving schedules is incorrect? Multiple Choice The consumption and saving schedules usually are relatively stable unless affected by a major tax change. An increase in taxes reduces consumption and saving and shift both downward. Unless there is a change in taxes, an upward shift of the consumption schedule leads to a downward shift in the saving schedule. The consumption schedule and saving schedule always shift in the same direction
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