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    Financial System and the Economy Principles
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    Exam 22: Aggregate Demand and Aggregate Supply
  5. Question
    An Increase in Personal Income Tax Rates
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An Increase in Personal Income Tax Rates

Question 20

Question 20

Multiple Choice

An increase in personal income tax rates


A) decreases consumption expenditures.
B) increases corporate tax rates.
C) increases expected profitability of an investment.
D) increases aggregate demand.

Correct Answer:

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