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Author Question: A change in taxes of a given amount shifts the consumption function vertically by ____ than that ... (Read 31 times)

sc00by25

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on: Jun 30, 2018
A change in taxes of a given amount shifts the consumption function vertically by ____ than that amount, because the marginal propensity to consume is ____.
 a. less; less than 1
 b. greater; greater than 1
 c. greater; always equal to 1.
  d. less; equal to zero.

Question 2

A value-added tax is a tax on consumption and not on personal income.
 a. True
  b. False
  Indicate whether the statement is true or false


jliusyl

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

True


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