Suppose that the government cuts current taxes. What happens to the labor supply curve N50)? 0 Shifts to the right 0 Shifts to the left 0 Shifts to the ght only if the income effect dominates the substitution effect 0 Shifts to the left only if the substitution effect dominates the income effect Suppose that the government cuts current taxes. What happens to the the demand for consumption goods 0%)? O Shifts up 0 Shifts down 0 Shifts up only if the income effect dominates the substitution effect 0 Shifts down only if the substitution effect dominates the income effect Suppose that a technological change induce faster depreciation of the capital stock (for example. software requiring more frequent updates). What happens to the the Optimal investment Schedule MPK'(r)-d? O Shifts to the left 0 Shifts to the right 0 Shifts to the left ifthe income effect dominates the substitution effect 0 Shifts to the right only if the substitution effect dominates the income effect