The effect on economy of tax reduction and simplification

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Reference no: EM131109869

The effect on the economy of tax reduction and simplification is

A. an increase in the quantity of real GDP supplied at every price level, and a shift in the long-run aggregate supply curve.

B. higher employment and real GDP but also a higher price level.

C. a decrease in consumption and investment spending, and a shift to the left of the aggregate demand curve.

D. a change in the costs to firms, as shown by the short-run aggregate supply curve shifting to the left marginal tax rate.

Reference no: EM131109869

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