If Taxes

question 23

Multiple Choice

If taxes

• A)increase,then consumption increases,and aggregate demand shifts leftward.
• B)increase,then consumption decreases,and aggregate demand shifts rightward.
• C)decrease,then consumption increases,and aggregate demand shifts rightward.
• D)decrease,then consumption decreases,and aggregate demand shifts leftward.

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Definitions:

Theory Y

A management concept that assumes employees are self-motivated, seek responsibility, and can be creative within work conditions.

Higher-level Needs

A concept from Maslow's hierarchy that refers to the psychological requirements for personal growth and fulfillment, beyond basic physiological or safety needs.

Working Conditions

The environment, terms, and circumstances under which employees perform their jobs, including safety, hours, space, and amenities.

Vroom

Refers to Victor Vroom, known for his work on the Expectancy Theory of motivation, which suggests that behavior results from conscious choices among alternatives whose purpose it is to maximize pleasure and minimize pain.