Which of the Following Events Would Likely Cause the Largest

question 70

Multiple Choice

Which of the following events would likely cause the largest reduction in current consumption?

• A)a permanent reduction in annual salary of $2000
• B)a one-time tax increase of $4000
• C)a one-time reduction in income (e.g. a bonus)of $4000
• D)both B and C

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Definitions:

Lacks Conscientiousness

Refers to a person's tendency to be less careful, responsible, and diligent in their duties and responsibilities.

Multi-task

The ability to handle more than one task simultaneously, often requiring quick switching between tasks.

Careless and Irresponsible

Exhibiting a lack of concern or attention to duties and obligations, often resulting in harm or risk.

Conscientiousness

A personality trait characterized by diligence, carefulness, and the desire to do a task well, often associated with high levels of responsibility.