Answered

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Some economists believe that higher marginal income tax rates __________ the incentive to work and thus shift the __________. Question 14 options: increase; AD curve to the right increase; SRAS curve to the right increase; SRAS curve to the left decrease; AD curve to the left decrease; SRAS curve to the left Question 15 (1 point)

Sagot :

Answer:

The answer is "Decrease; SRAS curve to the left".

Explanation:

It indicates that certain incomes fall into additional tax categories, owing to a higher percentage of all raising revenue earned above the preceding category. Increased marginal cost tax rates would require a greater percentage of tax revenue. It will cut labor and lower output so that the limited supply aggregate curve could be moved to the left.

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