The figure illustrates aggregate demand and aggregate supply in Sparta. Which of the following events will decrease Sparta's real GDP in the short run?
A) a decrease in taxes
B) a fall in resource prices
C) a decrease in government expenditure
D) an increase in investment
C
Economics
You might also like to view...
Since World War II, the share of corporate income tax collections in total federal revenue has been
A. increasing rapidly. B. declining rapidly. C. increasing slowly. D. declining generally.
Economics
Which of the following is not a market incentive to discourage pollution?
A. Emission charges. B. Regulatory intervention. C. Higher user fees. D. Green taxes.
Economics