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MMLU / The government has just lowered personal income taxes. Which of the following…

Problem

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question

The government has just lowered personal income taxes. Which of the following best describes the effects that this policy has on the economy?

choices

  1. Higher disposable income higher consumption higher real GDP lower unemployment
  2. Higher disposable income lower consumption higher real GDP lower unemployment
  3. Lower disposable income higher consumption higher real GDP lower unemployment
  4. Lower disposable income lower consumption lower real GDP higher unemployment

subject

high_school_macroeconomics

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