Which of the Following Would Not Be a Result of Replacing

question 157

Multiple Choice

Which of the following would not be a result of replacing the income tax with a consumption tax so that interest income was no longer taxed?

• A)The interest rate would decrease.
• B)Investment would decrease.
• C)The standard of living would eventually rise.
• D)The supply of loanable funds would shift right.

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Definitions:

Kinesthesia

The sense that detects bodily position, weight, or movement of the muscles, tendons, and joints, enabling the perception of body movement and orientation.

Sensory Interaction

The principle that one sense can influence or interact with another, as when the taste of food is affected by its smell.

Embodied Cognition

The idea that our mental functions are heavily influenced by the body's engagement with its surroundings.

Phantom Limb Sensations

Feelings that an amputated or missing limb is still attached to the body and is moving appropriately with other body parts.