Multiple Choice
If taxes are increased, the AD curve
A) is not affected because a change in taxes is a nominal change not real change.
B) does not shift but there is a movement down along the curve.
C) shifts rightward and aggregate demand decreases.
D) shifts leftward and aggregate demand decreases.
Correct Answer:
Verified
Correct Answer:
Verified
Q158: Suppose the price level, the money wage,
Q159: Which of the following shifts the aggregate
Q160: Technological progress will<br>A) shift the SAS curve
Q161: Consider a BMW automobile plant. If the
Q162: According to the intertemporal substitution effect, a
Q165: Which of the following increases aggregate demand?<br>A)
Q166: Which of the following would NOT shift
Q167: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6802/.jpg" alt=" -Use the figure
Q168: The short-run aggregate supply curve shifts because
Q366: During an above-full-employment equilibrium, actual GDP is