This topic contains a solution. Click here to go to the answer

Author Question: Which of the following statements about taxation is incorrect? a. A tax cut affects aggregate ... (Read 85 times)

abc

  • Hero Member
  • *****
  • Posts: 543
Which of the following statements about taxation is incorrect?
 a. A tax cut affects aggregate demand indirectly.
  b. A tax cut raises income and expenditures.
  c. Cutting taxes by 20 is not the same as increasing government spending by 20.
  d. A change in taxes does not affect consumption.
  e. An increase in taxes decreases income and expenditures.

Question 2

Today's demand curve for gasoline could shift in response to
 a. a change in today's price of gasoline.
 b. a change in the expected future price of gasoline.
  c. a change in the number of sellers of gasoline.
 d. All of the above are correct.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lindahyatt42

  • Sr. Member
  • ****
  • Posts: 322
Answer to Question 1

d

Answer to Question 2

b




abc

  • Member
  • Posts: 543
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


DylanD1323

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Gracias!

 

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

For a complete list of videos, visit our video library