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23 November, 11:58

Assume a nation's economy is operating above full employment. if business taxes increase, how will output, employment, and price level likely change? output / employment / price level

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  1. 23 November, 12:24
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    In a circumstance where the economy is operating in full employment, an increase in business taxes is likely to decrease the output, as a result of consequential unemployment that results from inability to pay workers, leading to the economy not functioning at full employment.
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