Refer to the above graph. A movement from a to b along C1 might be caused by a:
A)recession.
B)wealth effect of an increase in stock market prices.
C)increase in income tax rates.
D)increase in real GDP.
Answer:D
Refer to the above graph. A movement from a to b along C1 might be caused by a:
A)recession. B)wealth effect of an increase in stock market prices. C)increase in income tax rates. D)increase in real GDP.