If we include consideration of potential effects of a proposed tax reduction and simplification on the labor supply, we would expect crowding out of investment and net exports brought about by the tax cut to be
A) increased as aggregate real income and output rise in the long run.
B) unaffected by the shifting long-run aggregate supply curve.
C) dependent upon the impact of this tax change on consumer disposable income.
D) less than it would be without the supply-side effects.
D
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If E$/£ moves from 2 to 3, this is a percentage change of:
a. 50%. b. 33.3%. c. -33.3%. d. -50%.
The decline in the value of the yen in 2014 and 2015 occurred as a result of the Japanese central bank, the Bank of Japan, following an expansionary monetary policy
Investors expected that the result would be lower nominal Japanese interest rates and a higher inflation rate. In response, investors ________, causing the value of the yen to decline against the dollar. A) bought Japanese yen and sold U.S. dollars B) bought Japanese yen and bought U.S. dollars C) sold Japanese yen and bought U.S. dollars D) sold Japanese yen and sold U.S. dollars