if-a-person-receives-a-2000-tax-refund-which-of-the-following-is-a-likely-outcom

Question

If a person receives a $2,000 tax refund, which of the following is a likely outcome?

Accepted Answer

They will increase both their consumption and savings.

Answer

They will only increase their savings.

Answer

They will only increase their consumption.

Answer

They will decrease their consumption.

If a person receives a \$2,000 tax refund, which of the following is a likely outcome?