A decrease in individual income taxes​ ________ disposable​ income, which​ ________ consumption spending. a. decreases; increases b. decreases; decreases c. increases; decreases d. increases; increases

An increase in taxes will ________ consumption spending and a decrease in transfer payments will ________ consumption spending. a. increase; decrease b. decrease; increase c. decrease; decrease d. increase; increase

____ income taxes and payroll taxes _____ after-tax incomes, which _____ consumption and therefore reduces aggregate expenditure.Group of answer choicesLower; raise; decreasesLower; lower; increasesHigher; raise; increasesHigher; lower; decreases

The expenditure multiplier increases asGroup of answer choicesthe income of individuals decreases.the income of individuals increases.the savings of individuals decreases.the savings of individuals increases.

What does the consumption function describe? Question 7Select one:a.The relationship between consumption expenditures and disposable incomeb.The relationship between total tax and incomec.The relationship between investment expenditures and the rate of interestd.The relationship between quantity demanded and price

An increase in income taxes ________ employment and ________ potential GDP.Group of answer choicesincreases; does not changedecreases; does not change.increases; decreases.increases; increases.