Suppose a Tax Cut Affected Aggregate Demand and Aggregate Supply

question 73

Multiple Choice

Suppose a tax cut affected aggregate demand and aggregate supply. The shift in aggregate supply would make the

• A)price level and real GDP change by more than otherwise.
• B)price level change by more than otherwise and real GDP change by less than otherwise.
• C)price level change by less than otherwise and real GDP change by more than otherwise.
• D)price level and real GDP change by less than otherwise.

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Definitions:

German Immigrants

People originating from Germany who migrated to other countries, significantly influencing the cultural and societal landscapes of those nations, particularly the United States.

Assimilated

The process by which individuals or groups of differing ethnic heritage are absorbed and integrated into the dominant culture of a society.

Established Religion

Refers to a religion given official status and support by a government, making it the nation's or state's recognized faith.

Slave Revolts

Armed uprisings by enslaved people seeking freedom and the abolition of slavery.