Answer to Question #3641 in Macroeconomics for amy

Question #3641
If personal taxes are increased by $10 billion, we can expect that consumers will reduce a. spending by $10 billion. b. spending by more than $10 billion. c. spending by less than $10 billion. d. saving by $10 billion. e. saving by more than $10 billion.
Expert's answer
c. spending by less than $10 billion.

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