Multiple Choice
Figure 11-3
-In Figure 11-3, which line represents the change in the consumption schedule caused by a cut in the personal income tax as advocated by President George W.Bush in 2001?
A) C₁ in graph (a)
B) C2 in graph (a)
C) C₁ in graph (b)
D) C2 in graph (b)
Correct Answer:
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A)had