Permanent Tax Cuts Shift the AD Curve

question 27

Multiple Choice

Permanent tax cuts shift the AD curve

• A)farther to the right than temporary tax cuts.
• B)less to the right than temporary tax cuts.
• C)farther to the left than temporary tax cuts.
• D)less to the left than temporary tax cuts.

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Definitions:

Maintenance of Membership

A labor union rule that requires workers to maintain union membership as a condition of employment.

Certification

The process of officially recognizing someone or something as meeting certain standards or qualifications.

Arbitration

A method of dispute resolution where an independent third party reviews the case and makes a decision that can be binding or non-binding.

Conciliation

A method of alternative dispute resolution where an unbiased third party helps disputing parties to reach a voluntary, mutually agreeable resolution.