If a tax cut increases people's labor supply, then
A) tax cuts increase potential GDP.
B) tax cuts decrease aggregate demand.
C) tax cuts decrease potential GDP because the real wage rate falls.
D) tax cuts cannot affect aggregate demand.
E) Both answers B and C are correct.
A
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Refer to the table below. Corey's opportunity cost of delivering of a pizza is making: Pizzas MadePer HourPizzasDeliveredPer HourCorey126Pat1015
A. 2 pizzas. B. 12 pizzas. C. 1/2 of a pizza. D. 6 pizzas.
In cases of natural monopolies, society would be better off with many firms competing with each other
a. True b. False Indicate whether the statement is true or false
What is the present value of $500 promised four years from now at 5% annual interest?
A. $520.00 B. $400.00 C. $411.35 D. $607.75
Which statement is true?
A. The United States Treasury will probably go bankrupt within 10 years. B. Because the national debt grows each year, we have to pay more and more interest on the debt; because interest payments keep rising, our deficits keep growing, further pushing up the debt. C. The United States Treasury can never go bankrupt. D. None of the choices/statements are true.