An decrease in taxes combined with a decrease in government purchases would:
a. increase AD

b. decrease AD.
c. leave AD unchanged.
d. have an indeterminate effect on AD.


d

Economics

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Which of the following was NOT a creation of the Bretton Woods conference?

A) World Bank B) IMF C) IBRD D) WTO E) None of the above.

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Explain why (holding interest rates constant), a rise in the expected depreciation in a country's currency leads to depreciation of that currency today

What will be an ideal response?

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The real interest rate is the interest rate corrected for inflation

a. True b. False Indicate whether the statement is true or false

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Which of the following equations describes a trade surplus?

a. G < C b. X > M c. X > I d. C < M

Economics