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Unformatted text preview: managers may elect to slow production down by shortening the work week or possibly laying employees off. If the economy had relatively high unemployment and production was occurring at levels significantly below full capacity, raising taxes may push the economy into a recession. Managers may opt to decrease prices in response to the increase in taxes under these circumstances. I would like you to e-mail me with a discussion on what the possible affects on the deficit or surplus may be. E-mail me at firstname.lastname@example.org 48...
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This note was uploaded on 12/29/2011 for the course ECO 210 taught by Professor Malls during the Fall '10 term at SUNY Stony Brook.
- Fall '10