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In 2017 the Tax Cuts and Jobs Act was passed into law in the United States. One of the arguments for cutting corporate taxes was

In 2017 the Tax Cuts and Jobs Act was passed into law in the United States. One of the arguments for cutting corporate taxes was to stimulate demand for employees, thus reducing unemployment. But there was also an income tax cut. a) How does economic theory explain what will happen to employment and wages? Use the labor market graphs and models, explain.

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