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3 years ago

An income tax rate increase will most likely aggregate demand and _ aggregate supply.

Business

1 answer:

egoroff_w [7]3 years ago

7 0

Answer: decrease; decrease

Explanation:

Aggregate demand means the total quantity that would be purchased irrespective of the price levels. Aggregate supply means the total quantity of the goods or services which the firms will sell at a price that is given in the economy. So when the income tax rate increases the aggregate demand and aggregate supply of the products will both decrease.

The increase and decrease in the tax rates brings a shift in the aggregate demand and aggregate supply curve. Other factors which influence these curves are interest rates, income , exchange rates and inflation rates.

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Option [D] is the correct answer.

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2 years ago

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I hope you find this information is useful and interesting! Good luck!

3 0

3 years ago

An employee earns $24 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. If the employee worked 50 h

Anettt [7]

Answer:

a. Gross pay = $1,320

b. Net pay = $917

Explanation:

a. Determine the gross pay for the week. $ If applicable, round your final answer to two decimal places.

Pay for 40 hours = 40 * $24 = $960

Pay for excess of 50 hours = (50 - 40) * $24 * 1.5 = $360

Gross pay = $960 + $360 = $1,320

b. Determine the net pay for the week.

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3 years ago

An income tax rate increase will most likely ____ aggregate demand and _____ aggregate supply.

An income tax rate increase will most likely aggregate demand and _ aggregate supply.