Of the Following,the Most Likely Effect of an Increase in Income

question 27

Multiple Choice

Of the following,the most likely effect of an increase in income tax rates would be to

• A)decrease the savings rate.
• B)decrease the supply of loanable funds.
• C)increase interest rates.
• D)all of these choices are correct.

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Definitions:

Electric Shock

The physical reaction or injury caused by electric current passing through the body.

Responding

The act of reacting to stimuli or situations in the environment.

Electric Shock

A sudden discharge of electricity through a part of the body, often used as an aversive stimulus in conditioning studies.

Passive

Accepting or allowing what happens without active response or resistance.