The model of aggregate demand and aggregate supply can NOT be used to:
A) discuss the pros and cons of income tax cuts.
B) evaluate a tax cut's effect on short run economic fluctuations.
C) assess a tax cut's effect on longer run issues such as the national debt.
D) to discuss income distribution.
Correct Answer:
Verified
Q12: Consumption depends on:
A) total income.
B) disposable income.
C)
Q13: Fiscal policy most directly affects the economy
Q14: Which model is used to evaluate the
Q15: If the government were to decrease its
Q16: By 2016, the dollar value of the
Q17: If the government wished to shift aggregate
Q19: By 2012, the dollar value of the
Q20: Which of the following is not true
Q21: If the government decreases the income tax
Q22: Government decreasing taxes is an example of:
A)
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