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Figure 13.1 Aggregate Supply and Aggregate Demand

Question 77

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Figure 13.1 Aggregate Supply and Aggregate Demand
Figure 13.1 Aggregate Supply and Aggregate Demand -Refer to Figure 13.1. A supply-side tax cut will be inflationary if when taxes decrease, A) AD<sub>0</sub> shifts to AD<sub>1</sub> B) AD<sub>1</sub> shifts to AD<sub>0</sub> C) AS<sub>0</sub><sub> </sub>shifts<sub> </sub>to AS<sub>1</sub> D) AS<sub>1</sub><sub> </sub>shifts to AS<sub>0</sub>
-Refer to Figure 13.1. A supply-side tax cut will be inflationary if when taxes decrease,


A) AD0 shifts to AD1
B) AD1 shifts to AD0
C) AS0 shifts to AS1
D) AS1 shifts to AS0

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