If a change in the tax laws leads to a $100 billion decrease in tax revenue, then aggregate demand
A) increases by $100 billion.
B) increases by less than $100 billion.
C) increases by more than $100 billion.
D) decreases by $100 billion.
E) decreases by more than $100 billion.
C
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How has the distribution of money income changed over time?
What will be an ideal response?
_____ the externality generated by education, individuals have a _____ incentive to obtain an education for themselves
a. Because of; strong b. Despite; strong c. Because of; weak d. Despite; weak
Tax cuts associated with supply-side economics often lead to increased
a. federal budget surpluses. b. federal budget deficits. c. foreign trade surpluses. d. government spending.
The federal income tax in the United States fits the description of which of the following tax structures?
A. Proportional B. It depends on the income of the individual being taxed. C. Regressive D. Progressive