According to Supply-Side Theories, Which of the Following Happens If

question 68

Multiple Choice

According to supply-side theories, which of the following happens if the government cuts the tax rate?

• A)Workers keep less of each additional dollar they earn, so work effort increases, and aggregate supply shifts right.
• B)Workers keep less of each additional dollar they earn, so work effort decreases, and aggregate supply shifts left.
• C)Workers keep more of each additional dollar they earn, so work effort increases, and aggregate supply shifts right.
• D)Workers keep more of each additional dollar they earn, so work effort decreases, and aggregate supply shifts left.

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Definitions:

Indirection Operator

In programming, specifically C and C++, it is the asterisk (*) used to dereference a pointer, giving access to the value stored at the pointer's address.

Member Operator

Operators used in object-oriented languages to access the properties or methods of an object or class.

Structure Pointer Operator

The arrow (->) operator in C and C++, used to access members of a structure through a pointer to the structure.

Equal Precedence

A term used in programming to describe operators that have the same level of priority in the order of evaluation.