Everything Else Held Constant,a Decrease in Net Taxes ________ Aggregate

question 96

Multiple Choice

Everything else held constant,a decrease in net taxes ________ aggregate ________.

• A)increases;demand
• B)decreases;demand
• C)decreases;supply
• D)increases;supply

---

Definitions:

P-value

The odds of receiving outcomes in a test that are equally or more extreme than those observed, given the null hypothesis is assumed to be accurate.

Level of Significance

A threshold in statistical hypothesis testing below which a result is considered statistically significant.

Critical Value

A point on a statistical distribution that represents a threshold beyond which a given hypothesis is rejected.

P-value

The probability of obtaining the observed results of a test, assuming the null hypothesis is true.