Suppose the government raises income taxes, so consumers have less take-home pay. this policy action will cause a(n)

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21-06-2018
Business

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Suppose the government raises income taxes, so consumers have less take-home pay. this policy action will cause a(n)

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Jrdan Jrdan · Answer 1 · 2018-06-21T05:54:30+02:00

Hey darwintoribio6449, thanks for submitting your question!

The answer to your question is aggregate demand.

Aggregate demand is the total demand for final goods and services in an economy at a given time. It specifies the amounts of goods and services that will be purchased at all possible price levels.

This is the demand for the gross domestic product of a country.

Please let me know if you need any help with anything else, have a good one!