What would likely happen to the long-run aggregate supply curve if the U.S. federal government increases marginal tax rates on wages?
A) The LRAS curve would remain stable while the AD curve would shift leftward.
B) The LRAS curve would remain stable while the AD curve would shift rightward.
C) The LRAS curve would shift leftward.
D) The LRAS curve would shift rightward.
C
Economics
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The price of furnace filters increased by 5 percent and the quantity demanded did not change. The price elasticity of demand for furnace filters is
A) perfectly inelastic. B) inelastic. C) elastic. D) unit elastic. E) perfectly elastic.
Economics
Refer to the scenario above. In equilibrium, ________
A) Mathew will choose good and Peter will choose bad B) Peter will choose good and Mathew will choose bad C) both Mathew and Peter will choose bad D) both Mathew and Peter will choose good
Economics