A Key Issue in the Presidential Election of 2012 Between

question 208

Multiple Choice

A key issue in the presidential election of 2012 between President Obama and Mr. Romney concerned tax rates. President Obama favored increasing taxes, especially on the rich. As a result of a tax increase

• A) the aggregate demand curve shifts leftward.
• B) the aggregate demand curve shifts rightward.
• C) the aggregate supply curve shifts leftward.
• D) the aggregate supply curve shifts rightward.

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Definitions:

Annual Income Statement

A financial statement that summarizes a company's revenue, costs, and expenses over a fiscal year, showing the company's annual net profit or loss.