In 2001 and 2002,the Bush administration ________ personal and business taxes,which should cause AS to ________.
A)decreased;increase
B)increased;increase
C)decreased;decrease
D)increased;decrease

Question

Quizplus · Accepted Answer

When personal and business taxes are decreased, people and businesses have more disposable income which leads to an increase in consumer spending and investment, causing aggregate supply (AS) to increase.

In 2001 and 2002,the Bush Administration ________ Personal and Business