Which Statement(s) Is/are TRUE? I

question 101

Multiple Choice

Which statement(s) is/are TRUE? I. Changes in tax rates impact only aggregate demand.
II) According to the Laffer curve, if the tax rate is above 50%, lowering the tax rate will always raise tax revenue.
III) A repeal of existing investment tax credits will cause aggregate supply to shift to the left.

• A) I and II only
• B) II and III only
• C) II only
• D) III only

---

Definitions:

Filing System

An organized method for storing documents, records, or files in a way that they can be easily retrieved, managed, and preserved.

Sequential Order

One after another in a predictable pattern or sequence.

Records Management

The practice of maintaining, classifying, storing, securing, and destroying or preserving records.

Patient Records

Documentation containing the comprehensive information of a patient's medical history and treatments.