The supply-side effects of an income tax cut ________ potential GDP and ________ aggregate supply
A) increases; do not change
B) increase; increase
C) decrease; increase
D) decrease; decrease
E) increase; decrease
B
Economics
You might also like to view...
If MPK = 3, and MRTS = -4 what is MPL?
A) 12 B) -12 C) 4/3 D) -4/3
Economics
Which of the following is NOT a true statement?
A) Trade barriers are usually a good way of protecting jobs. B) There have been significant reductions in trade barriers over the last 60 years. C) Economists generally favor further reductions in trade barriers. D) There are diminishing returns to trade negotiations.
Economics