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MMLU / Which of the following statements would "supply-side" economists disagree with?

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

Which of the following statements would "supply-side" economists disagree with?

choices

  1. Tax changes cause shifts in aggregate supply that work against shifts in aggregate demand thus reducing the effect of the tax change on real GDP.
  2. A tax cut is likely to increase aggregate supply by boosting saving investment and thus capital accumulation.
  3. A tax increase is likely to decrease aggregate supply by decreasing after-tax wages and thus providing disincentives to work.
  4. A tax cut is likely to increase aggregate supply by providing greater rewards for risk taking.

subject

high_school_macroeconomics

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Source and history

task_id
f439cdc9-e1f6-5513-9d9c-b42f0fc1c8b5
task_key
all--test--f439cdc9-e1f6-5513-9d9c-b42f0fc1c8b5
task_revision_id
1
config / split
all / test

Official source

initial import