A-LevelEconomicsGovernment macroeconomic intervention9708/12 · Feb/Mar 2025 · Q211 Mark
A government cuts income tax. Why might this be seen as an example of a supply-side policy?
AReal incomes are increased.
BThe costs of businesses are reduced.
CThe opportunity cost of unemployment has increased.
DThe standard of living has improved.
✓ Correct answer
C: The opportunity cost of unemployment has increased.
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