1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
aksik [14]
3 years ago
15

Higher income taxes cause a ____________ shift of the labor supply curve, which then produces __________ Real GDP. a. leftward;

more b. rightward; less c. rightward; more d. leftward; less
Business
1 answer:
TEA [102]3 years ago
5 0

Answer:

Option (d) is correct.

Explanation:

If there is an increase in the income taxes then as a result there is a leftward shift in the labor supply curve and we know that labor supply curve indicates the the amount of labor hours workers devoted towards the production of the goods. Hence, this will lead to a reduction in the real GDP as there will be less working hours devoted by the workers because of the higher income taxes.

You might be interested in
Changes in the equilibrium interest rate will Group of answer choices . affect both the size of the domestic output and the allo
vodomira [7]

Answer:

Changes in the equilibrium interest rate

  • affects both the size of the domestic output and the allocation of capital goods among industries.

Explanation:

Changes in interest rates affects the demand for goods and services and, thus, aggregate investment spending. A decrease in interest rates lowers the cost of borrowing, which encourages industries to increase investment spending.  

The aggregate demand is determined by consumption demand and investment demand. When the rate of interest falls the level of investment increases and vice versa

An increase in the equilibrium interest rate affects demand for money. This increase in demand raises the equilibrium interest rate.

Households and businesses then try to decrease their cash holdings by purchasing bonds affecting both the size of the domestic output and the allocation of capital goods among industries.

The equilibrium interest rate changes with the economy and monetary policy.

6 0
3 years ago
Ivory will be giving a presentation for her company to a group of potential clients visiting from Germany, and she is deciding w
VladimirAG [237]

Answer:

A speaker's personal appearance should be consistent with the occasion of the speech.

Explanation:

First impressions and the appearance of a speaker are  important because generally an audience forms an impression of a speaker  before any words are said.

4 0
3 years ago
Please help me. My Career class is an F!
vladimir1956 [14]

Answer:

get better

Explanation:

listen in your class bro

7 0
3 years ago
Today is MultipleThanker9 birth day now say happy birth day to her
stepan [7]

Answer:

happy birthday

Explanation:

happy birthday to you wish I m

4 0
3 years ago
Read 2 more answers
Hannah needs a saving tool to set up an emergency fund.witch of the following saving tools should Hannah choose?
Komok [63]

You need to give the answer choices, but a bank account is good, savings account, or insurance

6 0
3 years ago
Read 2 more answers
Other questions:
  • Doss is vice president of marketing research for General Mills. The chefs at General Mills bring three new cookie recipes to Dos
    6·1 answer
  • The generic value chain consists of​ ________ activities and four support activities.
    8·1 answer
  • When a periodic inventory system is used a.both revenue and cost of goods sold are recorded each time a sale is made. b.only the
    15·1 answer
  • Economists argue that:_______.
    13·1 answer
  • In which one of the following instances is rivalry among competing sellers notmore intense?
    7·1 answer
  • The demand curve faced by a nondiscriminating pure monopoly is _____.
    11·1 answer
  • Increasing and decreasing the decimal option on Excel is intended for:
    7·1 answer
  • If the selling price per unit is​ $66, variable expenses per unit are​ $41, target operating income is​ $31,000, and total fixed
    15·1 answer
  • Which general staff member directs management of all incident.
    14·1 answer
  • The preventative maintenance plan for your automobile is $896. If you were required to replace your battery and starter for $98
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!