Assuming a long-run aggregate supply curve, a decrease in taxes results in _______ in output and _______ in prices.
A)a decrease; a decrease
B)no change; an increase
C)no change; a decrease
D)an increase; no change

Question

Quizplus · Accepted Answer

The Answer of Assuming a long-run aggregate supply curve, a decrease in taxes results in _______ in output and _______ in prices.
A)a decrease; a decrease
B)no change; an increase
C)no change; a decrease
D)an increase; no change

Assuming a Long-Run Aggregate Supply Curve, a Decrease in Taxes