Multiple Choice
An increase in personal income tax rates will cause a(n) :
A) Decrease (or shift left) in aggregate demand
B) Increase (or shift right) in aggregate demand
C) Decrease in the quantity of real output demanded (or movement up along AD)
D) Increase in the quantity of real output demanded (or movement down along AD)
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Which combination of factors would most likely
Q2: Which would most likely increase aggregate supply?<br>A)
Q3: The short-run aggregate supply curve shows the:<br>A)
Q5: The long-run aggregate supply curve is:<br>A) Upward-sloping
Q7: Suppose that an economy produces 2400 units
Q8: The aggregate demand curve or schedule shows
Q9: An increase in expected future income will:<br>A)
Q10: Cost-push inflation is characterized by a(n):<br>A) Increase
Q11: If the dollar appreciates in value relative
Q102: When the economy is experiencing demand-pull inflation,