If the government repeals an investment tax credit and increases income taxes,
A) real GDP rises,and the price level could rise,fall,or stay the same.
B) real GDP falls,and the price level could rise,fall,or stay the same.
C) real GDP and the price level rise.
D) real GDP and the price level fall.
Correct Answer:
Verified
Q6: Consider the exhibit below for the following
Q7: Consider the exhibit below for the following
Q8: Consider the exhibit below for the following
Q9: If aggregate demand shifts right then in
Q10: An economic expansion caused by a shift
Q12: If aggregate demand shifts left,then in the
Q13: In which case can we be sure
Q14: Which of the following would cause prices
Q15: An economic expansion caused by a shift
Q16: In which case can we be sure
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