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Classify each scenario based on whether it increases or decreases aggregate demand (AD) Increases Aggregate Demand Decreases Aggregate Demand Answer Bank the relative price of foreign goods decreases interest rates fall for businesses only consumers expect income taxes to rise in the future businesses believe that income taxes fall a billion dollars falls from the sky the government buys airplanes consumer demand will fall in the future interest rates decrease

Classify each scenario based on whether it increases or decreases aggregate demand (AD) Increases Aggregate Demand Decreases Aggregate Demand Answer Bank the relative price of foreign goods decreases interest rates fall for businesses only consumers expect income taxes to rise in the future businesses believe that income taxes fall a billion dollars falls from the sky the government buys airplanes consumer demand will fall in the future interest rates decrease

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Classify each scenario based on whether it increases or decreases aggregate demand (AD) Increases Aggregate Demand Decreases Aggregate Demand Answer Bank the relative price of foreign goods decreases interest rates fall for businesses only consumers expect income taxes to rise in the future businesses believe that income taxes fall a billion dollars falls from the sky the government buys airplanes consumer demand will fall in the future interest rates decrease
Transcribed Image Text:Classify each scenario based on whether it increases or decreases aggregate demand (AD) Increases Aggregate Demand Decreases Aggregate Demand Answer Bank the relative price of foreign goods decreases interest rates fall for businesses only consumers expect income taxes to rise in the future businesses believe that income taxes fall a billion dollars falls from the sky the government buys airplanes consumer demand will fall in the future interest rates decrease
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