On the Graph Above,a Permanent Tax Reduction,assuming That There Is

question 18

Multiple Choice

On the graph above,a permanent tax reduction,assuming that there is a permanent effect on aggregate supply,is likely to move the economy from point 1 to point ________.

• A)2
• B)8
• C)6
• D)3

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Definitions:

Sojourners

Sojourners are individuals who reside temporarily in a place, distinct from migrants or permanent residents, often with the intention of returning to their country of origin.

Safe Working Conditions

Measures and standards implemented to ensure the work environment is free from hazards that could cause harm to employees.

Decent Wage

A level of income regarded as sufficient for a worker and their family to live on, meeting basic needs such as housing, food, healthcare, and education.

Shorter Working Hours

The reduction of the standard number of hours that constitute a full week of work, aiming to improve work-life balance.