Multiple Choice
During recessions, what do taxes tend to do, and to what effect?
A) They rise and so shift aggregate demand right.
B) They rise and so shift aggregate demand right
C) They fall and so shift aggregate demand right.
D) They fall and so shift aggregate demand right
Correct Answer:
Verified
Correct Answer:
Verified
Q13: Suppose the closed economy is in long-run
Q34: Which of the following statements do opponents
Q36: What do open-market purchases do to the
Q37: What is the main reason the aggregate
Q40: Which of the following shifts aggregate demand
Q41: If the multiplier is 6, what is
Q42: For the following questions, consult the diagram
Q43: If there is crowding out, which of
Q84: Explain how unemployment insurance acts as an
Q122: According to liquidity-preference theory, if the quantity