Question
A tax rebate of $600 per taxpayer would: a. shift both short-run and long-run AS curves to the left (decrease) b. shift the AD curve
A tax rebate of $600 per taxpayer would:
a. shift both short-run and long-run AS curves to the left (decrease)
b. shift the AD curve to the right (increase), causing inflation (demand-pull inflation).
c. shift the AD curve to the left (decrease).
d. have no impact on the AD curve
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Puzzle Of Latin American Economic Development
Authors: Patrice Franko
2nd Edition
0742524663, 9780742524668
