Table 16.1 - Obstacles to the success of economic policy
-When faced with rising prices,the Republicans and the Democrats disagree about how consumers will respond to a tax increase.(Choose from Table 16.1)
A) A
B) B
C) C
D) D

Question

Table 16.1 - Obstacles to the success of economic policy  
-When faced with rising prices,the Republicans and the Democrats disagree about how consumers will respond to a tax increase.(Choose from Table 16.1)
A) A 
B) B 
C) C 
D) D

Quizplus · Accepted Answer

Republicans believe that consumers will reduce their consumption significantly in response to a tax increase, reflecting a view that consumers are highly sensitive to price changes.

Table 161 - Obstacles to the Success of Economic Policy