An increase in taxes would shift the:
A) aggregate demand curve rightward.
B) aggregate demand curve leftward.
C) aggregate supply curve rightward.
D) aggregate supply curve leftward.
B
You might also like to view...
Suppose the demand for peaches from South Carolina is perfectly elastic. If the supply curve is upward sloping and a tax is imposed on peaches from South Carolina, then
A) peach sellers pay all of the tax. B) peach buyers pay all of the tax. C) peach buyers and sellers evenly split the tax. D) the government does not collect any revenue from the tax. E) the tax does not change the equilibrium quantity of peaches.
A decrease in the quantity of labor supplied in response to a higher wage would be due to the:
A. substitution effect. B. price effect. C. income effect. D. tax effect.
An industry with a Herfindahl-Hirschman index of 1,000 would have ____ firm(s).
A. 1 B. 10 C. 100 D. 1,000
Which of the following is an operating target for the Fed?
A. Stable prices B. Federal funds rate C. Sustainable growth D. Stock prices