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.
A. The vice president is elected with the president
Explanation:
The vice president of the United States is selected by the people as he is elected with the president.
The presidential aspirant chooses a running mate that would be his vice president and together they campaign and if they win the election, the president and vice president will be sworn in.
