The graph above refers to a significant increase in individual income taxes, taking them to their highest level in 50 years. Which of the following is likely to result?
A. unemployment is likely to rise
B. natural rate of unemployment is likely to fall
C. lower inflationary pressures
D. short run increase in economic growth
Answer:A
The graph above refers to a significant increase in individual income taxes, taking them to their highest level in 50 years. Which of the following is likely to result?
A. unemployment is likely to rise B. natural rate of unemployment is likely to fall C. lower inflationary pressures D. short run increase in economic growth
Explanation: Type: Multiple Choice