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Everything else held constant,an increase in net taxes will cause the IS curve to shift to the ________ and aggregate demand will ________.
Exchange Rate
A measure representing how much one currency can be exchanged for another, impacting international trade and finance.
British Pounds
The currency of the United Kingdom, used as a medium of exchange within the country and its territories.
Balance on Goods
Balance on goods refers to the difference between a country's exports and imports of physical products, excluding services.
Services Surplus
Services Surplus describes a situation where the value of exported services of a country exceeds the value of its imported services, contributing positively to its trade balance.
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