Consider All the Effects of Fiscal Policy

question 2

Multiple Choice

Consider all the effects of fiscal policy. A cut in the income tax

• A)shifts the AD curve rightward but does not shift either the LAS or SAS curve.
• B)shifts the AD, SAS, and LAS curves rightward.
• C)shifts the SAS curve rightward but does not shift either the AD or LAS curve.
• D)shifts both the SAS and LAS curves rightward but does not shift the AD curve.
• E)shifts the LAS curve rightward but does not shift either the AD or SAS curve.

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Definitions:

First Job

The initial employment position one has, marking the start of their professional career.

Career Center

A facility or office, often associated with academic institutions, providing resources, counseling, and support for job search and career development.

Career

A profession or field of employment that one pursues, often involving progression and development over time.

School

An institution designed for the teaching of students under the direction of teachers.