Describe how changing tax rates would affect consumption, Microeconomics

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Describe how changing tax rates would affect consumption

Problem

Consumer spending is related to disposable personal income (income minus taxes). Describe how changing tax rates would affect consumption and aggregate demand.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Describe how changing tax rates would affect consumption

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Microeconomics: Describe how changing tax rates would affect consumption

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