real business cycle theory

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According to real business cycle theory an increase in taxes

  1. Would significantly reduce labor supply, increase employment, and decrease output

  2. A decline in employment but not in output

  3. Would significantly reduce labor supply, decrease employment, and decrease output

  4. No change in output and employment GET YOUR QUALITY 100% CUSTOM RESEARCH PAPER TODAY BUY A NEW 100% ORIGINAL COLLEGE PAPER EFFICIENTLY

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