An increase in business taxes would tend to:
a. Decrease aggregate demand and decrease aggregate supply
b. Increase aggregate demand and increase aggregate supply
c. Increase aggregate demand and decrease aggregate supply
d. Decrease aggregate demand and increase aggregate supply
a. Decrease aggregate demand and decrease aggregate supply
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If the supply curve does not shift, an increase in demand results in a(n)
a. increase in equilibrium price and a decrease in equilibrium quantity b. decrease in equilibrium price and a decrease in equilibrium quantity c. increase in equilibrium price and an increase in equilibrium quantity d. decrease in equilibrium price and an increase in equilibrium quantity e. increase in supply
Firms face trade-offs in production, including decisions related to:
A how much of a particular product to produce. B which products to produce. C the best way to produce a given amount of output. D all of the above
The Federal Reserve could reduce the money supply by:
A. Lowering the required reserve ratio B. Buying government bonds in the open market C. Increasing the interest on reserves D. Reducing the discount rate
Germany and __________ are two major banking-oriented systems
A) the United Kingdom B) Japan C) France D) the United States