According to One in the News Article,"Defense Cuts Kill Jobs

question 36

Multiple Choice

According to one In the News article,"Defense Cuts Kill Jobs," a decrease in government spending has contributed to the sluggish economy.This would imply that

• A)The aggregate demand curve has shifted to the right.
• B)The aggregate demand curve has shifted to the left.
• C)Injections into the circular flow have increased.
• D)The aggregate supply curve has shifted to the right.

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Definitions:

Average Tax Rate

The ratio of the total amount of taxes paid to the total tax base (taxable income or spending), representing the fraction of income or expenditure used to pay taxes.

Taxable Income

The amount of income used to calculate how much the taxpayer owes in taxes to the government.

Average Tax Rate

The ratio of the total amount of taxes paid to the total tax base (taxable income or spending), reflecting the percentage of income paid in taxes.

Taxable Income

The amount of income that is used to calculate an individual's or a company's income tax due to the government.