Most economists believe that a cut in tax rates:
A) will give people the incentive to work less hours
B) will increase government tax revenue
C) will have only a small effect on the aggregate-supply curve
D) all of the above
Correct Answer:
Verified
Q20: Monetary policy affects the aggregate demand via
Q21: The money demand curve shifts to the
Q22: Supply-side economists focus on:
A)how fiscal policy affects
Q23: The two macroeconomic effects that make the
Q24: If MPC = 0.9, then the government-purchases
Q26: Assuming that the crowding-out effect is $100
Q27: Suppose government purchases increase by $200 billion,
Q28: An increase in money supply shifts the
Q29: The money-demand curve is downward-sloping because:
A)people will
Q30: The positive feedback from demand to investment
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