How would an increase in personal income taxes likely affect the Phillips Curve in a recession?

An increase in personal income taxes during a recession can affect the Phillips Curve, which shows the relationship between inflation and unemployment. When personal income taxes rise, people have less money to spend, which can lead to lower demand for goods and services. This reduced demand can cause businesses to cut back on production and may lead to more layoffs, increasing unemployment. As unemployment rises, inflation tends to decrease because there are fewer people with money to spend, shifting the Phillips Curve to the right. For example, if a government raises taxes on individuals during a recession, the economy might slow down further, leading to higher unemployment and lower inflation rates.