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Which Of The Following Is A Correct Statement Of The Impacts Of A Lump-Sum Tax?

- Disposable income will decline by the amount of the tax and consumption at each level of GDP will also decline by the amount of the tax. - Disposable income will increase by the amount of the tax and consumption at each level of GDP will decline by the amount of the tax multiplied by the MPC. - Disposable income will decline by the amount of the tax and consumption at each level of GDP will decline by the amount of the tax multiplied by the multiplier. - Disposable income will decline by the amount of the tax and consumption at each level of GDP will decline by the amount of the tax multiplied by the MPC.
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Disposable income will decline by the amount of the tax and consumption at each level of GDP will decline by the amount of the tax multiplied by the MPC.
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