The correct choice is:
raise take-home income and increase consumer purchases.
A reduction in personal income tax increases the amount of money individuals take home, which typically leads to increased consumer spending.
A reduction in personal income tax will Blank______.
Multiple choice question.
lower take-home income and increase consumer purchases
raise take-home income but have no effect on consumer purchases
raise take-home income and increase consumer purchases
have no effect on take-home income but increase consumer purchases
1 answer