An increase in personal income taxes will cause a(n) Multiple Choice decrease (or shift left) in aggregate
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Question:
An increase in personal income taxes will cause a(n)
Multiple Choice
decrease (or shift left) in aggregate demand.
increase (or shift right) in aggregate demand.
decrease in the quantity of real output demanded (or movement up along AD).
increase in the quantity of real output demanded (or movement down along AD).
Is it b) or a)?
Expert Answer:
A government may impose an income tax as a direct tax on the earnings of its people The central gove... View the full answer
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