Author Question: According to the traditional Keynesian approach, a tax cut raises aggregate demand because A) a ... (Read 102 times)

DyllonKazuo · **on:** Jun 30, 2018

According to the traditional Keynesian approach, a tax cut raises aggregate demand because

A) a tax cut always results in a balanced budget.
B) taxes are part of the C + I + G + X line.
C) taxpayers anticipate a tax increase in the future.
D) disposable income available to consumers increases.

Question 2

________ is the total value of final goods and services produced within the borders of a country, using current market prices to determine the value of each unit that is produced.

A) Gross national product B) Real gross domestic product
C) Nominal gross domestic product D) Total product