When Consumption and Saving Are Graphed Relative to Real GDP

question 199

Multiple Choice

When consumption and saving are graphed relative to real GDP, an increase in personal taxes will shift

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

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Definitions:

Chain Line

A line representing the center of a chain's path between two sprockets, important for aligning drivetrain components in machines.

Datum

A reference point, line, or surface on an object used as a basis for geometric calculations, measurements, or to define a coordinate system.

Datum Feature

An exact point, axis, or plane upon which dimensions are based or measurements are taken in technical drawings.

Surface Plate

A flat, rigid plate used as a reference plane for precision inspection, marking, and layout of materials in machining and quality control operations.