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Economics
MEDIUM
ENGLISH
Economics
According to supply-side economists if taxes are cut so that people have an increased incentive to work and businesses have an increased incentive to invest ?
aggregate supply will increase , aggregate demand will decrease
Correct answer
B
aggregate supply will increase, aggregate output will increase and the price level will decrease
Option B
C
aggregate supply will increase aggregate output will increase and the price level will increase
Option C
D
both aggregate supply and demand will increase and the price level will increase
Option D
Correct answer: A
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