A decrease in which of the following would decrease the tax wedge?
A) federal budget deficit B) national debt
C) money supply D) marginal tax rate
D
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Frictional, structural and cyclical unemployment are three classifications of unemployment
Indicate whether the statement is true or false
A pure positive income shock leads to
A) an increase in leisure and consumption. B) an increase in leisure and work. C) an increase in work and consumption. D) an increase in leisure and taxes.
The key determinant of whether Social Security will be a good investment is _____
a. the number of hours worked by future employees b. internal migration c. real income growth in the United States d. the solvency of the system today
If the annual interest rate is 0%, the net present value of receiving $550 in the next year is:
a. $550 b. $551. c. $549 d. $500