A Tax Increase That Affects Both Aggregate Demand and Potential

question 71

Multiple Choice

A tax increase that affects both aggregate demand and potential output is predicted to _____ the long-run equilibrium level of output, while inflation _____.

• A)decrease; increases
• B)increase; decreases
• C)decrease; may increase, decrease, or remain unchanged
• D)decrease; decrease

Awareness of the implications of contractual terms in employment agreements.

Grasp the concept of employment-at-will and statutory rights within the context of employment law.

Understand the importance of viewing discipline as an educational process rather than punishment within an organization.

Learn about the role of legislation such as the Personal Information Protection and Electronic Documents Act (PIPEDA) in the workplace.

---

Definitions:

Tolerance

The ability or capacity to endure continued subjection to something, such as a drug or environmental conditions, without adverse reaction.

Maple Seedling

A young tree that has germinated from a maple seed and is in its early stages of growth.

Birch Stand

A group or cluster of birch trees growing together.

Underground Aquifers

Geological formations that can store, transmit, and yield groundwater to wells and springs.