8 When fiscal policy alters marginal tax rates, it will thus exert an impact on aggregate supply...

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8 When fiscal policy alters marginal tax rates, it will thus exert an impact on aggregate supply as well as on aggregate demand. Other things constant, higher marginal tax rates tend to reduce aggregate supply; lower rates will increase supply.

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Essentials Of Economics

ISBN: 396414

2nd Edition

Authors: James D Gwartney; Richard Stroup; J R Clark

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Question Posted: Oct 25, 2024 10:05 AM

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8 When fiscal policy alters marginal tax rates, it will thus exert an impact on aggregate supply...

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Essentials Of Economics

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