Lower personal income taxes
A) decrease disposable income. B) decrease aggregate demand.
C) increase transfer payments. D) increase aggregate demand.
D
Economics
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Refer to Figure 24-3. Suppose the economy is at point A. If government spending increases in the economy, where will the eventual long-run equilibrium be?
A) A B) B C) C D) D
Economics
An increasing-cost industry is associated with:
A. a perfectly elastic long-run supply curve. B. an upsloping long-run supply curve. C. a perfectly inelastic long-run supply curve. D. an upsloping long-run demand curve.
Economics