Which of the following is a plausible explanation for a downward shift in the consumption function?
A) A decline in home values
B) A decline in wages
C) A decrease in the personal income tax rate
D) A rise in wages
A
Economics
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Lower personal income taxes
A) decrease disposable income. B) decrease aggregate demand. C) increase transfer payments. D) increase aggregate demand.
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What are floating exchange rates?
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In general, when the quantities of a complementary resource are increased, the productivity of the other resources
A. rise. B. fall. C. remain the same.
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The unique situation in which the behavior of buyers and sellers is compatible is referred to as
A. Labor market balance. B. Full-employment GDP. C. Micro equilibrium. D. Macro equilibrium.
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