Which of the following correctly describes the effects of a decrease in net taxes?
A) Disposable income increases,consumption decreases,and saving decreases.
B) Disposable income increases,consumption increases,and saving increases.
C) Disposable income decreases,consumption increases,and saving increases.
D) Disposable income decreases,consumption decreases,and saving decreases.
E) There is no effect on either disposable income,consumption,or saving.
Correct Answer:
Verified
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