Author Question: If the government raises income taxes, then the labor A) supply curve shifts rightward. B) ... (Read 98 times)

saraeharris · **on:** Jun 29, 2018

If the government raises income taxes, then the labor

A) supply curve shifts rightward.
B) demand curve shifts leftward.
C) demand curve shifts rightward.
D) supply curve shifts leftward.
E) Both answers B and D are correct.

Question 2

If real GDP per person is above the subsistence level then, according to classical growth theory,

A) the population will increase.
B) the standard of living will continue to improve.
C) the population will decrease.
D) labor productivity will increase.
E) more technological advances occur.