If Congress decreases personal income taxes, consumer spending and unemployment will most likely change in which of the following ways?
a. Consumer Spending / Unemployment
b. Increase / Increase
c. Increase / Decrease
d. Decrease / No change
e. Decrease / Increase
f. Decrease / Decrease

c. Increase / Decrease

Explanation:

If personal income taxes fall, people will have more disposable income to spend on goods and services. The effect of this is that consumption will rise.

With an increase in consumption comes an increase in economic growth which will spur investments as producers aim to produce and supply enough goods and services to satisfy the new demand so they will hire more workers which will lead to a reduction in unemployment.

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1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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