Tax rates refer to the percentage of income that is taxed, whereas tax revenues refer to the dollars collected by the government in taxes.
The increased pessimism will affect the aggregate demand curve by: shifting the aggregate demand curve to the left.
<h3>What is Aggregate Demand Curve?</h3>
An aggregate demand curve can be described as curve that shows the total spending that is made on domestic goods and services based on different price levels.
When the aggregate demand curve shifts to the right, it means demand is increased. However, wen aggregate demand curve shifts to the left, it means demand decrease.
Recession that happened in 2007-2009 that made many consumers pessimistic about their future incomes discourages buying. This leads to a decrease in demand which will make the aggregate demand curve to shift to the left.
Therefore, the increased pessimism will affect the aggregate demand curve by: shifting the aggregate demand curve to the left.
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Hi! Consumer sovereignty Means the economic power exercised by the preferences of consumer In a free market.
Answer:
$4,300
Explanation:
Since the call expired, the $500 premium must be reported as a short term capital gain. Short term capital gains are taxed in the periods that they occur, so they do not affect the basis of the stocks. It is something similar to dividends, if you receive dividends they will be taxed as short term gains = ordinary income, bu they do not affect the stocks' basis.