Ask Question
8 January, 17:09

What would most likely happen if the federal government decreased taxes for its citizens?

A) Aggregate demand would increase, especially for wealthy individuals.

B) Aggregate demand would decrease, especially for wealthy individuals.

C) The US tax code would change from a proportional to a regressive system.

D) The US tax code would change from a progressive to a regressive system.

+1
Answers (1)
  1. 8 January, 19:07
    0
    A) Aggregate demand will increase, especially for wealthy individuals.

    Explanation:

    Aggregate demand would increase, especially for wealthy individuals because disposable income would increase as a result of lower tax payable.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What would most likely happen if the federal government decreased taxes for its citizens? A) Aggregate demand would increase, especially ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers