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Question Suppose the government is considering raising the tax rate on labor income. Explain the supply-side effects of such an action. Describe what will happen

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Question Suppose the government is considering raising the tax rate on labor income. Explain the supply-side effects of such an action. Describe what will happen to: (a) the demand for labor and why? (b) the supply of labor and why? (c) equilibrium employment; (d) potential GDP and why? Answer B Paragraph Font Family Font Size

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