President George W

Multiple Choice

President George W.Bush and congress cut taxes and raised government expenditures in 2003.According to the aggregate supply and aggregate demand model

A) both the tax cut and the increase in government expenditures would tend to increase output.
B) only the tax cut would tend to increase output.
C) only the increase in government expenditures would tend to increase output.
D) neither the tax cut nor the increase in government expenditures would tend to increase output.