When the economy is in a recession, tax revenue while spending increases and, as a result, aggregate demand O a. decreases; automatic; increases O b. decreases; discretionary; is not changed O c. decreases; automatic; decrease O d. increases; induced; is not changed O e. increases; induced; decreases

When the economy is in a recession, tax revenue while spending increases and, as a result, aggregate demand O a. decreases; automatic; increases O b. decreases; discretionary; is not changed O c. decreases; automatic; decrease O d. increases; induced; is not changed O e. increases; induced; decreases

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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