Author Question: The consumption function will shift upward if real asset and money holdings: a. increase, if people ... (Read 51 times)

jerry coleman · **on:** Jun 30, 2018

The consumption function will shift upward if real asset and money holdings:
a. increase, if people expect prices to increase, if interest rates decrease, and if taxes decrease.
b. increase, if people expect prices to increase, if interest rates increase, and if taxes increase.
c. increase, if people expect prices to increase, if interest rates increase, and if taxes decrease.
d. decrease, if people expect prices to decrease, if interest rates decrease, and if taxes decrease.
e. decrease, if people expect prices to increase, if interest rates increase, and if taxes decrease.

Question 2

The federal income tax is progressive because poor people pay little or no taxes.
a. True
b. False
Indicate whether the statement is true or false