An increase in personal taxes will shift:
A)both the consumption and saving schedules downward.
B)both the consumption and saving schedules upward.
C)the consumption schedule upward and the saving schedule downward.
D)the consumption schedule downward and the saving schedule upward.
Answer:A
An increase in personal taxes will shift:
A)both the consumption and saving schedules downward. B)both the consumption and saving schedules upward. C)the consumption schedule upward and the saving schedule downward. D)the consumption schedule downward and the saving schedule upward.