Which of the following will result in an upward rotation of the consumption function?
a. A decrease in the proportional tax rate on income
b. An increase in consumer income
c. An increase in the flat tax rate
d. A decrease in the flat tax rate
a
Economics
You might also like to view...
The percentage rate of change in the price level is called the
A) Consumer Price Index. B) rate of inflation. C) chain-weighted price index. D) rate of absorption.
Economics
Refer to Figure 14.3. To maximize total wages paid to workers, the labor union will agree to wage rate:
A) W0. B) W1. C) W2. D) W3. E) none of the above
Economics