President Clinton, at the beginning of his administration, increased personal income taxes on individuals with relatively high incomes.How will this change the consumption schedule?
A)It will shift and become steeper.
B)It will shift and become flatter.
C)It will shift in a parallel manner.
D)It will remain fixed as the economy moves along the schedule.

Question

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The Answer of President Clinton, at the beginning of his administration, increased personal income taxes on individuals with relatively high incomes.How will this change the consumption schedule?
A)It will shift and become steeper.
B)It will shift and become flatter.
C)It will shift in a parallel manner.
D)It will remain fixed as the economy moves along the schedule.

President Clinton, at the Beginning of His Administration, Increased Personal