Assuming an Upward-Sloping Short-Run Aggregate Supply Curve, a Decrease in Taxes

question 118

Multiple Choice

Assuming an upward-sloping short-run aggregate supply curve, a decrease in taxes results in ________ in output and ________ in prices in the short run.

• A) an increase; an increase
• B) a decrease; an increase
• C) a decrease; no change
• D) no change; a decrease

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Definitions:

Sex Discrimination

Unfair treatment of individuals based on their sex or gender, often manifesting in areas like employment, education, and the legal system.

Civil Rights Act

Historic pieces of legislation in the United States that outlaw discrimination based on race, color, religion, sex, or national origin, primarily the Act of 1964 which addressed voting rights, public accommodations, and employment discrimination.

Philadelphia Plan

A policy introduced during the Nixon administration requiring government contractors in Philadelphia to hire minority workers.

Government Affirmative Action

Government policies or practices aimed at increasing opportunities for historically disadvantaged groups by implementing measures to ensure their consideration in jobs, education, and other sectors.