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Tidy Tidy
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Posts: 4852
8 years ago
Compare the effect on the price level and real GDP of a decrease in tax rates assuming a supply-side effect versus no supply-side effect. Compared to no supply-side effect, including a supply-side effect for the decrease in tax rates will cause the price level to increase ________ and real GDP to increase ________.
A) less; less
B) less; more
C) more; less
D) more; more
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
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Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face

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Donated
8 years ago
less; more
Success is not final, failure is not fatal: it is the courage to continue that counts. – Winston Churchill
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