If the supply curve of savings is upward sloping, a comprehensive wealth tax will:

Name: If the supply curve of savings is upward sloping, a comprehensive wealth tax will:
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An upward sloping supply curve of savings indicates that as the interest rate increases, people are willing to save more. A comprehensive wealth tax reduces the net return on savings, causing people to save less, which shifts the supply curve of savings to the left. This results in an increase in the market rate of interest.

If the Supply Curve of Savings Is Upward Sloping, a Comprehensive