In 1968, the Johnson Administration Passed a Temporary Surcharge on the Personal

question 16

Multiple Choice

In 1968, the Johnson administration passed a temporary surcharge on the personal income tax. Which of the following most closely describes the public's response?

• A) Consumers significantly increased consumption by drawing down their savings.
• B) Consumers significantly decreased consumption and began saving even more.
• C) Consumers only minimally increased consumption while saving less.
• D) Consumers decreased savings while maintaining the similar consumption levels.
• E) Consumers significantly decreased both savings and consumption.

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Definitions:

Drawing Tools Format Tab

A feature in certain software applications that provides tools for creating and formatting graphical elements.

Size Group

A feature in software that allows users to categorize or group objects based on their size.

Selected Shape's Height

The Selected Shape's Height refers to the measurement of a chosen graphical object’s vertical dimension in a graphical editor or design software.

Picture Styles Gallery

A collection or interface in software applications where users can choose from various preset effects to apply to images.