A Change in Net Taxes Affects the Equilibrium Quantity of GDP

question 41

Multiple Choice

A change in net taxes affects the equilibrium quantity of GDP demanded_____.

• A)in the same way as a change in government purchases does
• B)in the same way as a change in planned investment does
• C)in the same way as a change in net exports does
• D)only indirectly,changing the level of disposable income
• E)in an unpredictable manner

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Definitions:

Certification Election

A process supervised by a regulatory body that allows employees to vote on whether or not they wish to be represented by a labor union.

Landrum-Griffin Act

The Landrum-Griffin Act, formally known as the Labor-Management Reporting and Disclosure Act of 1959, is a U.S. law that aims to protect union members' rights and promote labor democracy through regulating union administration.

National Labor Unions

Federations or organizations that represent the collective interests of workers across various sectors at the national level.

Taft-Hartley Act

A federal law established in 1947 in the United States, which limits the actions and authority of labor unions.