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Other Things the Same, an Increase in Taxes Shifts Aggregate

question 35

True/False

Other things the same, an increase in taxes shifts aggregate demand to the left. In the short run this makes output fall which makes the interest rate rise.

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Definitions:

Cephalic Vein

A large vein running along the outer side of the arm from the hand to the shoulder, often used for intravenous injections or blood draw.

Intercostal Veins

Veins located between the ribs, which drain the chest wall and muscles of the intercostal spaces.

Azygous Vein

A vein running up the right side of the thoracic vertebral column, draining blood from the chest wall and upper lumbar region into the superior vena cava.

Intercostal Muscles

Muscles located between the ribs that assist with the breathing process by expanding and contracting the ribcage.

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