Multiple Choice
If taxes are cut,there is
A) an increase in aggregate demand and the AD curve shifts rightward.
B) a decrease in aggregate demand and the AD curve shifts leftward.
C) an increase in the quantity of real GDP demanded and a movement up along the AD curve.
D) a decrease in the quantity of real GDP demanded and a movement down along the AD curve.
E) no change in aggregate demand,only a change in potential GDP.
Correct Answer:
Verified
Correct Answer:
Verified
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