When Income Taxes Are Lowered in a Given Economy,it Causes

question 90

Multiple Choice

When income taxes are lowered in a given economy,it causes the supply of labor curve to shift __________which ___________ the equilibrium quantity of labor employed.In terms of the production function (graphed with labor on the horizontal axis and Real GDP on the vertical axis) this then causes _______________,which makes the LRAS curve shift ____________ resulting in ______________________.

• A) rightward; raises; the production function to shift upward; rightward; economic growth
• B) leftward; lowers; the production function to shift downward; leftward; a shrinking economy
• C) rightward; raises; a movement up along a given production function; rightward; economic growth
• D) rightward; raises; a movement down along a given production function; leftward; a shrinking economy

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Definitions:

Liquid Dosage

A form of medication delivery that involves consuming the medicine in liquid form for ease of swallowing and absorption.

Cutting Device

An instrument or tool designed for cutting materials or objects, differing in form based on its specific use.

Buccal Medication

Medication administered between the gums and the cheek, allowing for absorption through the oral mucosa directly into the bloodstream.

Cheek Membranes

The mucous membranes lining the inside of the mouth on either side, known for their role in protecting oral tissues and facilitating sensation and absorption.