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book Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn cover

Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn

Edition 20ISBN: 978-0077660895
book Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn cover

Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn

Edition 20ISBN: 978-0077660895
Exercise 8
  A personal income tax cut, combined with a reduction in corporate income and excise taxes, would: A) increase consumption, investment, aggregate demand, and aggregate supply. B) reduce productivity, raise input prices, and reduce aggregate supply. C) increase government spending, reduce net exports, and increase aggregate demand D) increase the supply of money, reduce interest rates, increase investment, and expand real output.
A personal income tax cut, combined with a reduction in corporate income and excise taxes, would:
A) increase consumption, investment, aggregate demand, and aggregate supply.
B) reduce productivity, raise input prices, and reduce aggregate supply.
C) increase government spending, reduce net exports, and increase aggregate demand
D) increase the supply of money, reduce interest rates, increase investment, and expand real output.
Explanation
Verified
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Hence, the correct answer is a. increase...

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Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
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