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ice5192 ice5192
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6 years ago
When consumers lend at a lower rate than they borrow, a decrease in current taxes implies
A) current consumption increases by the amount of the tax cut.
B) current consumption remains unchanged.
C) both current and future consumption increase.
D) current savings increases by the amount of the tax cut.
E) current consumption decreases and future consumption increases.
Textbook 
Macroeconomics, Canadian Edition

Macroeconomics, Canadian Edition


Edition: 5th
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6 years ago
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