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If there is a decrease in personal taxes, the correct sequence of events isa. a decrease in taxes
If there is a decrease in personal taxes, the correct sequence of events is
a. a decrease in taxes
increases disposable income which increases consumer spending. The increase in consumer spending shifts AD to the right increasing output and price level.
b. a decrease in taxes increases disposable income which shifts AD to the right increasing output and decreasing price level.
c. a decrease in taxes shifts AD to the right increasing output and price level.
d. a decrease in taxes increases consumer spending which shifts AD to the right increasing output and price level.
e. a decrease in taxes increases disposable income which increases consumer spending. The increase in consumer spending shifts AD to the right increasing output and decreasing price level.
