Business, 02.08.2019 23:20 vanessadaniellet21

During the third quarter of 1997, japanese gdp was falling at an annual rate of over 11 percent. many blame the big increase in japan's taxes in the spring of 1997, which was designed to balance the budget. usually, if taxes are increased, a. disposable income declines, consumption falls, planned investment increases, planned aggregate expenditure increases, and aggregate income (output) falls. b. disposable income declines, consumption falls, planned aggregate expenditure falls, and aggregate income (output) declines. c. disposable income declines, investment increases, planned aggregate expenditure falls, and aggregate income (output) declines. d. interest rates increase, planned investment falls, planned aggregate expenditure falls, and aggregate income (output) declines.

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During the third quarter of 1997, japanese gdp was falling at an annual rate of over 11 percent. man...

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