1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Yanka [14]
3 years ago
5

An income tax rate increase will most likelyaggregate demand andaggregate supply. A)increase increase B) increasedecrease decrea

se : decrease decreaseincrease
History
1 answer:
lana [24]3 years ago
4 0

Answer: C. decrease and decrease

Explanation: Income tax is the annual taxes levied by the federal government and/or state governments on income earned by an individual or a business. Aggregate demand is the total demand for final goods and services in an economy at a particular period, while aggregate supply is the total supply of goods and services that companies in a national economy plan on selling during a specific time period.

An increase in income tax rate will reduce the income available to purchase goods nationwide which will lead to a decrease in aggregate demand of the population culminating in a decrease in aggregate supply.

You might be interested in
How did islamic expansion most likely affect trade in arabia??
mrs_skeptik [129]
With increase in islamic population, the export will decrease and import will increase to arabia.. economy unbalance will take place
8 0
3 years ago
What effects do you think gold mining had on the California environment
Dahasolnce [82]
That everyone thought there was gold everywhere but in reality they weren’t and people started to fights lands
3 0
3 years ago
Read 2 more answers
What is one asset that made the new Spanish in the americas so valuable to Spain
frozen [14]

Answer:

Gold and other precious natural metals; silver and copper.

Explanation:

5 0
3 years ago
In general, lowering the voting age has the effect of
dybincka [34]

Answer: expanding suffrage

Explanation: B

5 0
3 years ago
Read 2 more answers
Does anyone know alot of information on Habsburg Spain?Please
meriva
➡️The Habsburg Period in Spain is the collection of events between the 16th and 17th centuries. ✔️

➡️It begins with the Holy elected emperor of the Roman Empire, Fredrick the III.✔️

➡️The Habsburgs, of Austrian descent, was the dominant ruling family at the time; the most significant rulers are noted as Charles I and Phillip II.✔️
6 0
3 years ago
Other questions:
  • Which best explaisn what the federalist papers were intended to support?
    12·1 answer
  • Why does Adams believe that the War of Independence was not the essence of the American Revolution?
    5·1 answer
  • Who invented my favorite sport BASKETBALL!
    10·1 answer
  • Is Hinduism beneficial for rulers who want to impose social control
    6·1 answer
  • (3 pt) Who was elected the first president of the Republic of Texas in 1836? A. Brigham Young B. John Frémont C. Andrew Jackson
    9·1 answer
  • According to Jean-Jacques Rousseau individuals participating in a social contract giving up their ___in order for all members of
    13·2 answers
  • Does a country need to expand and dominate other countries to be a world leader?
    13·1 answer
  • In four to five sentences, describe one of the powers of the House of Representatives and how that power determines and defines
    9·2 answers
  • Which trait is common to both Theravada and Mahayana Buddhism?
    6·1 answer
  • Using your new vocabulary words, explain what gases make up Earth’s atmosphere
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!