Decreasing corporate profit taxes should stimulate corporate profits which in turn will shift the AD curve to the left.
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Q20: Inflating GDP refers to the fact that
Q21: According to the Russian economist N. Kondratieff,
Q22: John Maynard Keynes is best known for
Q23: The slope of the AD curve is
Q24: Stagflation refers to a situation in which
Q26: The absolute level of AS or output
Q27: The interest rate effect refers to the
Q28: Generally for producers of goods, a decline
Q29: Proponents of the "New Economy" maintain that
Q30: The difference between real GDP and nominal
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