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
Economics
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Economic freedom
A) is harmed by having too many property rights. B) is created when the nation imposes many regulations on businesses. C) is founded, in part, on the rule of law. D) is not important for nations to grow. E) must come from a democratic government.
Economics
If, for a given disposable income level, the disposable income line lies below the consumption curve, saving:
A. equals consumption. B. equals disposable income. C. is less than zero. D. is greater than zero.
Economics