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Council of Economic Advisors
direct responsibility for providing analysis, advice and assistance to the US pres on economic matters
as real GDP falls, income tax revenues, decrease and transfer payments increase
increase in the price level
a decline in the quantity of real output demanded along the aggregate demand curve is a result of an
the tax rates on household income
an increase in aggregate demand is most likely to be caused by a decrease in:
an increase in personal income tax rates
which set of events would most likely decrease aggregate demand?
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