A Change in Which of the Following Would Not Shift

question 38

Multiple Choice

A change in which of the following would not shift long-run AS?

• A) capital stock
• B) inflation expectations
• C) productivity
• D) all of the above

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Definitions:

Adoption Credits

Tax credits provided to individuals who have incurred expenses related to the legal adoption of a child.

Form 8839

A tax form used by U.S. taxpayers to claim qualified adoption expenses, including attorney fees, court costs, and traveling expenses directly related to the legal adoption of a child.

Foreign Tax Credit

A tax credit that offsets the double taxation of income earned abroad, allowing taxpayers to credit foreign taxes paid against their U.S. tax liability.

Taxable Income

The amount of an individual's or corporation's income that is used to determine how much tax is owed to the federal government.