If an increase in taxes in the United States resulted in a very large decrease in aggregate output and a very small decrease in the price level, then the U.S. economy was very likely ___________________________________. Group of answer choices on the very flat part of the short run aggregate demand curve on the very steep part of the short run aggregate supply curve on the very flat part of the short run aggregate supply curve on the very steep part of the short run aggregate demand curve

If an increase in taxes in the United States resulted in a very large decrease in aggregate output and a very small decrease in the price level, then the U.S. economy was very likely ___________________________________. Group of answer choices on the very flat part of the short run aggregate demand curve on the very steep part of the short run aggregate supply curve on the very flat part of the short run aggregate supply curve on the very steep part of the short run aggregate demand curve

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter8: Macroeconomic Equilibrium: Aggregate Demand And Supply

Section: Chapter Questions

Problem 11E

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In 2013, Prussia's aggregate demand curve was determined by the equation M + 1-4% A change in aggregate demand means that in 2014, Prussia's aggregate demand curve was determined by the equation Using this information, draw Prussia's old and new dynamic aggregate demand curves on the graph Which of the factors could have resulted in the change irn aggregate demand seen between 2013 and 2014? 13 AD 2013 an improvement in technology O an increase in imports O higher consumer confidence O a decrease in oil prices 12 AD 2014 10 8 5 4 3 2 4 -3 2 1 0 1 2 3 4 5 6 78 9 10 Real GDP growth rate
37.6% R Give Up? O Hint ment Score: Resources Chec on 5 of 15 <. In 2013, Prussia's aggregate demand curve was determined by the equation M +0= 4%. A change in aggregate demand means that in 2014, Prussia's aggregate demand curve was determined by the equation M +6= 7%. Using this information, draw Prussia's old and new dynamic aggregate demand curves on the graph. Which of the factors could have resulted in the change in 14 aggregate demand seen between 2013 and 2014? 13 O an improvement in technology 12 11 an increase in imports 10 a decrease in oil prices 8. AD 2013 O higher consumer confidence 7. 5. -3 -2 -1 3. 6. 10 Real GDP growth rate F12 AD 2014 4. 6, 4. Inflation rate
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