A One-Time Tax Rebate,which Is Not Expected to Be Extended

question 159

Multiple Choice

A one-time tax rebate,which is not expected to be extended in future years,will

• A)have a moderately positive effect on consumption and aggregate demand.
• B)have no effect on consumption and aggregate demand.
• C)have a significant positive effect on consumption and aggregate demand,with aggregate demand growing by a multiple of the tax rebate.
• D)increase aggregate supply and aggregate demand.

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Definitions:

Transportation Revolution

The Transportation Revolution refers to the period of rapid growth in the speed and convenience of transportation in the 19th century, marked by the expansion of railroads, steamships, and the development of new infrastructure.

American Society

The complex social structure of the United States characterized by diverse cultures, traditions, economic practices, and political ideals.

Impact

The effect or influence of one thing on another, often used to describe significant or powerful effects.

Attitudes Towards Progress

Refers to the varied perspectives and opinions individuals or societies hold about the nature and direction of societal, technological, or economic development.