Question: 7. Given C = 20 + .8Y., a $10 billion tax cut would shift the consumption function upward by: A. $10 billion. B. more than

7. Given C = 20 + .8Y., a $10 billion tax cut would shift the consumption function upward by: A. $10 billion. B. more than $10 billion. C. less than $10 billion. D. cannot be determined

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