Lowering the personal income tax will increase household disposable income and consumption spending.

Name: Lowering the personal income tax will increase household disposable income and consumption spending.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Lowering personal income tax will result in an increase in income for individuals, which will increase their disposable income. When people have more disposable income, they are more likely to spend money on goods and services, which will lead to an increase in consumption spending.

Lowering the Personal Income Tax Will Increase Household Disposable Income