An Increase in Taxes Will Cause the Consumption Schedule to

question 27

Multiple Choice

An increase in taxes will cause the consumption schedule to

• A)shift upward.
• B)shift downward.
• C)remain fixed as the economy moves upward along the schedule.
• D)remain fixed as the economy moves downward along the schedule.

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Definitions:

Learning Disabilities

Neurologically-based processing problems that can interfere with learning basic skills such as reading, writing, or math.

Disadvantaged Environment

A setting that lacks the basic resources and opportunities required for individuals to achieve their full potential.

Incremental

Describes gradual, step-by-step changes or improvements over time.

Fixed Quality

Characteristics or features that do not change over time or are considered permanent.