The excess burden of a tax A) is measured by the ...

[clmills979]

The excess burden of a tax
 
  A) is measured by the administrative costs required to implement a tax system.
  B) is a measure of the foregone consumption as a result of having to pay taxes.
  C) is a measure of the hardship imposed on low-income individuals in a society.
  D) measures the efficiency loss to the economy that results from a tax, causing a reduction in the quantity of goods and services produced.

Question 2

Which of the following will shift the aggregate demand curve to the left, ceteris paribus?
 
  A) an increase in disposable income B) an increase in expected profits for firms
  C) an increase in net exports D) an increase in interest rates

[hollysheppard095]

Answer to Question 1

D

Answer to Question 2

D

[clmills979]

Excellent

[laurnthompson]

Gracias!