For each of the following events in the first column of the Table below, indicate what happens as either "increase", "decrease", or "not change" Event An increase in the price level An increase in government purchases An increase in the federal corporate income taxes An increase in market interest rates Faster growth income growth in other countries Aggregate demand will .... An increase in the value of the U.S. dollar relative to other currencies. decrease increase decrease decrease Increase Increase
For each of the following events in the first column of the Table below, indicate what happens as either "increase", "decrease", or "not change" Event An increase in the price level An increase in government purchases An increase in the federal corporate income taxes An increase in market interest rates Faster growth income growth in other countries Aggregate demand will .... An increase in the value of the U.S. dollar relative to other currencies. decrease increase decrease decrease Increase Increase
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:For each of the following events in the first column of the Table below, indicate what happens
as either "increase", "decrease", or "not change"
Event
An increase in the price level
An increase in government
purchases
An increase in the federal
corporate income taxes
An increase in market interest
rates
Faster growth income growth in
other countries
Aggregate demand will ....
An increase in the value of the U.S.
dollar relative to other currencies.
decrease
increase
decrease
decrease
Increase
Increase
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