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True or False: A tax cut is less likely to change the composition of labor demand than a government spending increase.

User Borexino
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6 votes

Answer:

True

Step-by-step explanation:

This is the case because tax cuts and government spending are instruments that could be used in expansionary fiscal policy.

Note that reduced taxes usually have a direct impact on the disposable income of a economy not the composition of labor demand. Tax cuts leads directly to consumption and savings increase, resulting from increase in disposable income in the economy.

User Fin
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