8 if taxes are increased, the ad curve O shifts rightward and aggregate demand decreases O shifts leftward and aggregate demand decreases O does not shift but there is a movement down along the curve O is not affected because a change in taxes is a nominal change not real change 8 if taxes are inc...

Ans shifts leftward and aggerate demand decreases ...

8. if taxes are increased, the ad curve O shifts rightward and aggregate demand decreases O...

Fantastic news! We've Found the answer you've been seeking!

Question:

Related Book For answer-question

Macroeconomics Principles and Policy

ISBN: 9780324586213

11th Edition

Authors: William J. Baumol, Alan S. Blinder

See More Books

Posted Date: Apr 16, 2022 07:21 AM

See More Questions

Q1. Why do you feel there is a movement away from the importance of operational skills to those more strategic in nature? Q2. What has been recognised as currently missing in the skill sets of the...
2. Jack makes $50,000 a year, but there is a 20% chance he will get sick, in which case his medical bills will effectively lower his income to $40,000. He has a utility function U-In(I), where...
The same rightward shift of the demand curve may produce a very small or a very large increase in quantity, depending on the slope of the supply curve. Explain this conclusion with diagrams.
What requirements must be met to deduct a trade or business expense? an expense related to the production of income?
Would you rather own a company with a high P-E ratio or a low P-E ratio? Why?
In 2018, the government of Venezuela raised the minimum wage by 5,900 percent, but an article in the Economist quoted one Venezuelan as saying that on his wages as a building worker, you go a day and...
0.3409 Use the Standard Normal Table or technology to find the z-score that corresponds to the cumulative area or percentile. Table 4-Standard Normal Distribution Arca Z 0 Z .09 .08 .07 .06 .05 .04...
Krebsbach Company is negotiating a loan with FIS Bank. Krebsbach needs $900,000. As part of the loan agreement, FIS Bank will require Krebsbach to maintain a compensating balance of 15% of the loan...
How do you evaluate amazons approach to attracting, developing, and retaining talent?
Ferris Company has an old machine that is fully depreciated but has a current salvage value of $5,000. The company wants to purchase a new machine which would cost $60,000 and have a 5-year useful...
Write a short Java method that repeatedly selects and removes a random entry from an array until the array holds no more entries.
Calculate the emf of a hydrogen-oxygen fuel cell operating reversibly if the overall reduction in Gibbs energy is $238 \mathrm{MJ} / \mathrm{kg} \mathrm{H}_{2}$. If the cell operates at $75 \%$...
The exhaust gases of a compression-ignition engine are to be used to drive an exhaust gas turbo-supercharger. Estimate the mean pressure ratio of expansion and the isentropic enthalpy drop per kmol...
According to many financial experts, the logical place to begin the search for quality investments is to examine the products and services you use on a regular basis. This suggestion is based on the...
An ideal, isothermal, reversible fuel cell with reactants of oxygen and hydrogen, and a product of water operates at a temperature of $400 \mathrm{~K}$ and a pressure of 1 bar. If the operating...
Some electronic devices such as phones and watches can be charged wirelessly. In the charger, there is a coil that generates a rapidly changing magnetic field. In the device, there is a second,...
The AveiroTech, Inc. is a holding company. Today, AveiroTech is studying a takeover bid on SvalbardTech, a biotech company. The takeover requires an initial investment of 3.5 million euros and has an...
What is the order p of a B + -tree? Describe the structure of both internal and leaf nodes of a B + -tree.
Imagine that new inventions in the computer industry affect the growth rate of productivity as follows: Would such a pattern help explain U.S. productivity performance since the mid-1970s?Why? Year...
How does monetarism differ from the quantity theory of money?
Jasmines Snack Shop sells two brands of potato chips. She produces them by buying them from a wholesale supplier. Brand X costs Jasmine $1 per bag, and Brand Y costs her $1.40. Draw Jasmines...
Selected transactions from the journal of Wong Consultants are presented below (amounts in thousands). Instructions a. Post the transactions to T-accounts. b. Prepare a trial balance at August 31,...
The order of the accounts in the ledger is: a. assets, revenues, expenses, liabilities, share capitalordinary, dividends. b. assets, liabilities, share capitalordinary, dividends, revenues, expenses....
The T-accounts below summarize the ledger of Negrete Landscaping at the end of the first month of operations (amounts in ). Instructions a. Prepare the complete general journal (including...

8. if taxes are increased, the ad curve O shifts rightward and aggregate demand decreases O...

Question:

Expert Answer:

Ans shifts leftward and aggerate demand decreases ... View the full answer

Macroeconomics Principles and Policy

Students also viewed these economics questions