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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A tax is efficient if it imposes a small excess burden relative to the tax revenue it raises
Indicate whether the statement is true or false
Economics
Special Drawing Rights (SDRs) are issued to governments by the ________ to settle international debts and have replaced ________ in international transactions
A) Federal Reserve System; gold B) Federal Reserve System; dollars C) International Monetary Fund; gold D) International Monetary Fund; dollars
Economics