A change in business taxes and regulation can affect production costs and aggregate supply.

Name: A change in business taxes and regulation can affect production costs and aggregate supply.
Brand: Quizplus
Rating: 4.7 (32 reviews)

Question

Quizplus · Accepted Answer

Business taxes and regulations can increase or decrease production costs, which would in turn affect the quantity of goods and services that businesses are willing to supply at different price levels, thus affecting aggregate supply.

A Change in Business Taxes and Regulation Can Affect Production