Real GDP Refer to Figure 13-1 above. Ceteris paribus, an increase in personal income taxes would be represented by a movement/shift from O point A to point B. O AD1 to AD2. O point B to point A. O AD2 to AD1

Real GDP Refer to Figure 13-1 above. Ceteris paribus, an increase in personal income taxes would be represented by a movement/shift from O point A to point B. O AD1 to AD2. O point B to point A. O AD2 to AD1

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter11: Fiscal Policy

Section: Chapter Questions

Problem 1.4P

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Question

Price
level
*AD2
AD1
Real GDP
Refer to Figure 13-1 above. Ceteris paribus, an increase in personal income taxes would be represented
by a movement/shift from
O point A to point B.
O AD1 to AD2.
O point B to point A.
O AD2 to AD1

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