When taxes increase, consumption
举一反三
- When taxes increase, consumption A: increases, so aggregate demand shifts right B: increases, so aggregate supply shifts right C: decreases, so aggregate demand shifts left D: decreases, so aggregate supply shifts left
- a good (or service) whose consumption declines as income rises and increases as income decreases increase in income=decrease in consumption decrease in income=increase in consumption
- When an economy begins above the Golden Rule， reaching the Golden Rule：（ ） A: produces lower consumption at all times in the future. B: requires initially reducing consumption to increase consumption in the future. C: requires initially increasing consumption to decrease consumption in the future. D: produces higher consumption at all times in the future.
- When<br/>taxes increase, consumption () A: decreases<br/>as shown by a movement to the left along a given aggregate demand<br/>curve. B: decreases<br/>as shown by shifting aggregate demand to the left. C: increases<br/>as shown by shifting aggregate supply the left. D: None<br/>of the above is correct.
- If the value of a piece of property decreases by 10 percent while the tax rate on the property increases by 10 percent, what is the effect on the taxes ？（） A: Taxes increase by 10 percent. B: Taxes increase by 1 percent. C: There is no change in taxes. D: Taxes decrease by 1 percent. E: Taxes decrease by 10 percent.