If the Consumption Function Is Defined as C = 800

question 3

Multiple Choice

If the consumption function is defined as C = 800 + (0.75) YD, the marginal income tax rate is t = 0.5, and autonomous investment decreases by 50, then the budget surplus will

• A)remain unaffected
• B)decrease by 100
• C)decrease by 80
• D)decrease by 40
• E)decrease by 10

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