As the Consumption and Saving Schedules Relate to Real GDP

question 205

Multiple Choice

As the consumption and saving schedules relate to real GDP, an increase in taxes will shift

• A)upward both the consumption and saving schedules.
• B)downward both the consumption and saving schedules.
• C)the consumption schedule upward and the saving schedule downward.
• D)the saving schedule upward and the consumption schedule downward.

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