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Home Q & A Board Other Fields Homework Help Business Economics
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Loraine Loraine
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Posts: 4563
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9 years ago
Looking at the supply-side effects on aggregate supply shows that a tax hike on labor income
A) weakens the incentive to work.
B) decreases potential GDP.
C) increases potential GDP because people work more to pay the higher taxes.
D) Both answers A and B are correct.
E) None of the above is correct.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SydnieSydnie
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#1
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9 years ago
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Loraine Author
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9 years ago
Thanks for your help!!
vanna2014
wrote...

Yesterday
Thanks
ezsancheezy
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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