Multiple Choice
If tax rates increased, giving people a decreased incentive to work and businesses a decreased incentive to invest
A) aggregate supply will decrease, aggregate output will decrease, and the price level will decrease.
B) aggregate supply will decrease, aggregate output will decrease, and the price level will increase.
C) both aggregate supply and demand will decrease, aggregate output will decrease, and the price level will decrease.
D) aggregate supply will decrease, aggregate demand will increase, aggregate output will decrease, and the price level will increase.
Correct Answer:
Verified
Correct Answer:
Verified
Q86: According to supply-side economists, as tax rates
Q87: Refer to the information provided in Figure
Q88: Refer to the information provided in Figure
Q89: Refer to the information provided in Figure
Q90: If nominal GDP is $600 billion and
Q92: If the demand for money depends on
Q93: Despite the cut in taxes during the
Q94: Refer to the information provided in Figure
Q95: Monetarists and Keynesians<br>A) disagree on the speed
Q96: If firms have _ and if they