Exhibit 15-8 Aggregate demand and supply curves
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In Exhibit 15-8, supply-siders claimed that the shift from AS1 to AS2 would occur if the government:
A. increased tax rates and increased the amount of government regulation.
B. increased tax rates and decreased the amount of government regulation.
C. decreased tax rates and increased the amount of government regulation.
D. decreased tax rates and decreased the amount of government regulation.
Answer: D
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