According to the supply-side economists, a cut in the marginal income
According to the supply-side economists, a cut in the marginal income tax rate would cause
a. labor supply to rise, output to rise, and the price level to fall.
b. labor supply to rise, the price level to rise, and output to fall.
c. labor supply to fall, the price level to rise, with output unchanged.
d. labor supply to rise, the price level to fall, with output unchanged.
ANSWER
A
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