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Refer to the Information Provided in Figure 18

Question 53

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Refer to the information provided in Figure 18.1 below to answer the questions that follow. Refer to the information provided in Figure 18.1 below to answer the questions that follow. Figure 18.1 -Refer to Figure 18.1.According to the new classical economists,under rational expectations an expected decrease in taxes would A) shift AS1 to the right. B) shift AD1 to the right. C) shift AD1 to the left. D) not change AD or AS. Figure 18.1
-Refer to Figure 18.1.According to the new classical economists,under rational expectations an expected decrease in taxes would


A) shift AS1 to the right.
B) shift AD1 to the right.
C) shift AD1 to the left.
D) not change AD or AS.

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