If the price of inputs rises and personal income taxes rise:

a. Aggregate demand rises, but aggregate supply does not change.
b. Aggregate demand falls, and aggregate supply rises.
c. Aggregate demand and aggregate supply rise.
d. Aggregate demand and aggregate supply fall.
e. Neither aggregate demand nor aggregate supply change.

.D

Economics

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What will be an ideal response?

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A demand curve that is horizontal indicates that the commodity

A) has few substitutes. B) must be very cheap. C) has a large number of substitutes. D) is a necessity.

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