A Decrease in Tax Rates

question 22

Multiple Choice

A decrease in tax rates

• A)has no effect on the AD curve.
• B)causes the AD curve to shift left.
• C)causes the AD curve to shift right.
• D)has only a short-term effect on real GDP.
• E)usually leads to a reduction in potential GDP.

Distinguish between basic and diluted earnings per share in a consolidated context.

Recognize the conditions and implications of variable interest entities (VIEs).

Understand the principles behind the equity method of accounting in consolidations.

Identify factors that indicate whether a business enterprise should consolidate a VIE.

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