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Question
The figure above shows the U.S. production function. How would an increase in income taxes be shown in the figure?
A) a movement from point C to point B
B) a movement from point A to point B
C) an upward shift or rotation of the production function
D) a downward shift or rotation of the production function
E) None of the above because the effects of an increase in taxes cannot be shown in the figure.
Answer
This answer is hidden. It contains 1 characters.
Related questions
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