The Tax Equity and Fiscal Responsibility Act of 1982 Increased

question 129

Multiple Choice

The Tax Equity and Fiscal Responsibility Act of 1982 increased taxes in an effort to reduce inflationary pressure.Which of the following indicates the appropriate change in the U.S.economy?

• A) Aggregate demand shifted to the left
• B) Aggregate demand shifted to the right
• C) The economy moved up along the aggregate demand curve
• D) The economy moved down along the aggregate demand curve

---

Definitions:

Overarching

Encompassing or covering broadly; often used to describe something that is inclusive of a wide range of ideas or aspects.

Practical Intelligence

The ability to solve everyday problems by utilizing knowledge gained from experience in contrast to theoretical or academic knowledge.

Creative Intelligence

The ability to produce new products, ideas, or inventing novel solutions to problems.

Spatial Intelligence

The ability to understand, reason, and remember the spatial relations among objects or space.