According to the AS-AD Model, an Increase in Taxes Does

question 11

Multiple Choice

According to the AS-AD model, an increase in taxes does not change output in the

• A) short run.
• B) long run.
• C) both of the above.
• D) neither of the above.

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Definitions:

Periphery

Often relates to the outer limits or edge of an area or object, but in business or economics, it can refer to markets or activities that are not the primary focus of a company's operations.

Affluent Centre

A term referring to areas or regions marked by high income and wealth, often focused on in marketing for their purchasing power.

Multi-Directional Flows

In the context of communication or information, it refers to the exchange of messages or data in multiple directions rather than a singular flow.

Deterritorialization

A complex concept often used in social sciences to describe the loss of the cultural, social, or geographical ties that define a place or a community.