The line graph indicates that in 1960,23% of U.S. taxes came fr... | Filo
The line graph indicates that in 1960,23% of U.S. taxes came fr... | …
8 months ago
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The graph above refers to a significant increase in individual income taxes, taking them to their highest level in 50 years. Which of the following is likely to result? a) Cyclical unemployment will decrease b) Inflationary pressures will be mild c) The economy will experience lower economic growth d) Macroeconomic supply will decrease in the short run.
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