Business, 25.07.2019 12:20 zombiechick180

Consider a tax cut which affects not only consumer disposable income, but also afterminus−tax earnings from labor supplied to labor markets and from financial assets acquired through saving. in the long run we would expect this tax cut to a. increase the price level. b. increase both the price level and the level of real gdp. c. increase the level of real gdp. d. decrease both the price level and increase real gdp.

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Consider a tax cut which affects not only consumer disposable income, but also afterminus−tax earnin...