Answer: With the left shift in Aggregate demand resulting from the tax increase causes the price level to slide back to <u>equilibrium</u> level.
<u>Explanation:</u>
When there is an increase in the level of the taxes by the government, the price of the particular good increases because of the taxes. This leads to the fall in the level of the aggregate demand of that good and there is a left shift in the aggregate demand curve.
But this will lead to the falling back of the price level to the equilibrium level because even though the demand falls but the supply level does not change. So there is an excess of supply level in the economy. This leads to the fall in the level of the price back to the equilibrium level and leaving the economy back to the normal situation.
<span>it combines the benefits of a partnership and a corporation.</span>
Answer:
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A good principal to implement when you find yourself attempting to put too much information on a single slide is C)Less is more
Answer:
Total cost of operating the video store is $110,000
Explanation:
You decided to leave your job and operate a video rental store in the office space you inherited. You would not received the annually income from your job and rent commercial real estate.
Total income lost = $55,000 + $25,000 = $80,000
Total cost of operating the video store = Total income you lost + total costs for video purchases, utilities, taxes, and supplies = $80,000 + $30,000 = $110,000