Reductions in the personal income tax, often advocated by supply-siders to increase labor supply and effort, can be expected to also
a. decrease consumption spending.
b. increase consumption spending.
c. decrease investment spending.
d. increase export sales.
b
Economics
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Globalization and growing technology have produced
A) more opportunities for low-skilled labor than for high-skilled labor. B) equal opportunities for low-skilled and high-skilled labor. C) outsized, exponential rewards for superstar talent. D) rewards for labor that have reduced income inequality.
Economics
For an efficient outcome, MR must exceed MC.
Answer the following statement true (T) or false (F)
Economics