Macroeconomics
4th Edition
ISBN: 9780393602487
Author: Jones, Charles I.
Publisher: W. W. Norton & Company
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Question
Chapter 11, Problem 11E
(a)
To determine
The change in consumption when a person receives $100,000 via a will.
(b)
To determine
The effect of an unexpected promotion on the level of consumption.
(c)
To determine
The change in consumption due to the imposition of a one-time tax that costs $10,000.
(d)
To determine
The change in consumption when a person won a lottery worth $10 million.
(e)
To determine
The change in consumption when a person won a lottery worth $10 million but the payment is made 5 years from now.
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