Which of the Following Purchases Is Most Likely to Rise

question 84

Multiple Choice

Which of the following purchases is most likely to rise as the result of a temporary tax cut,according to the permanent-income hypothesis?

• A)television sets and other consumer durables
• B)steak dinners and other consumer non-durables
• C)trips to the Virgin Islands and other vacation destinations
• D)theater tickets and other entertainment expenditures

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Definitions:

Key Comparisons

In programming and algorithms, the process of comparing the keys or identifiers of data elements to sort or search through data structures.

Algorithm

A step-by-step procedure or formula for solving a problem or accomplishing some end.

Selection Sort

A simple, inefficient sorting algorithm that repeatedly selects the minimum element from an unsorted list and swaps it with the first unsorted element.

Accompanying Figure

An accompanying figure is an illustrative or graphical addition to a body of text, intended to provide visual context or clarification to the accompanying content.