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Author Question: If taxes are increased, the AD curve A) is not affected because a change in taxes is a nominal ... (Read 35 times)

nmorano1

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on: Jun 29, 2018
If taxes are increased, the AD curve
 
  A) is not affected because a change in taxes is a nominal change not real change.
  B) shifts rightward and aggregate demand decreases.
  C) shifts leftward and aggregate demand decreases.
  D) does not shift but there is a movement down along the curve.

Question 2

The figure above shows the demand for fruit snacks. Which movement reflects an increase in income if fruit snacks are an inferior good?
 
  A) from point a to point e
  B) from point a to point b
  C) from point a to point c
  D) from point a to point d


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voltaire123

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


nmorano1

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

jordangronback

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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