If the government repeals an investment tax credit and increases income taxes:
a. real gdp r...
Business, 15.11.2019 20:31 nayely1020
If the government repeals an investment tax credit and increases income taxes:
a. real gdp rises, and the price level could rise, fall, or stay the same.
b. real gdp falls, and the price level could rise, fall, or stay the same.
c. real gdp and the price level rise.
d. real gdp and the price level fall.
Answers: 1
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