Multiple Choice
A supply-side economist would likely agree with which of the following statements?
A) Real output and aggregate employment are primarily determined by aggregate demand.
B) Real income will rise when government expenditures and tax rates increase.
C) Real output and aggregate employment are primarily determined by tax rates.
D) Increasing the money supply will increase real output without causing higher inflation.
Correct Answer:
Verified
Correct Answer:
Verified
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