Question: Between c or d Price AS Level P1 - - - P2 AD AD Y2 Y1 Real National Income 32) The graph above refers to

Between c or d

Price AS Level P1 - - - P2 AD AD Y2 Y1 Real National Income 32) The graph above refers to a significant increase in individual income taxes, taking them to their highest level in 50 years. Which of the following is likely to result? A. short run increase in economic growth. B. natural rate of unemployment is likely to fall. C. lower inflationary pressures. D. unemployment is likely to rise

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