Edmund Jones, an economist, recommends that the federal government consider reducing its budget deficit during a recession by raising income taxes with no other fiscal policy changes. Jones’ income tax increase recommendation will most likely have the following effects on the supply of labor and on potential GDPSupply of labor Potential GDP（）①A. Decrease Decrease ②B. Decrease Increase ③C. Increase Decrease
A. ①
B. ②
C. ③
