According to the supply-side economists, a cut in the marginal income tax rate would cause
a. labor supply to rise, output to rise, and the price level to fall.
b. labor supply to rise, the price level to rise, and output to fall.
c. labor supply to fall, the price level to rise, with output unchanged.
d. labor supply to rise, the price level to fall, with output unchanged.
A
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Continuous increase in investment in which of the following is most likely to cause sustained growth?
A) Capital B) Technology C) Land D) Labor
What factor(s) enable a monopoly to make an economic profit in the long run?
What will be an ideal response?
Explain why the demand curve for loanable funds has a negative slope
What will be an ideal response?
Public schools in the United States get most of their operating funds from
A) income taxes on corporate profits. B) tariffs collected on imported goods. C) local property taxes. D) government production and subsidies.