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

Question

Quizplus · Accepted Answer

When personal and business taxes are decreased, it gives individuals and firms more disposable income to spend and invest, respectively, leading to an increase in aggregate demand and ultimately causing AS to increase.

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