The Tax Reforms of 1981 and 1986
a. caused public debt to increase dramatically
b. raised the marginal tax rates
c. increased the number of tax brackets
d. were made principally on excise taxes
e. increased the government's ability to discriminate with respect to who pays what taxes
A
Economics
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A decrease in government expenditure on goods and services
A) increases aggregate demand. B) increases the aggregate quantity demanded. C) decreases the aggregate quantity demanded. D) decreases aggregate demand.
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Lizzie's budget line is shown in the figure above. If Lizzie's income increases, her budget line
A) shifts rightward and its slope does not change. B) shifts leftward and its slope does not change. C) becomes flatter. D) becomes steeper.
Economics