Supply-side economists argue that changes in tax rates cause changes in
A) labor supply. B) the full-employment level of output.
C) saving. D) all of the above.
D
You might also like to view...
Current research suggests that countries that adopt a pegged exchange rate may be more vulnerable to an exchange rate crisis
Indicate whether the statement is true or false
Looking at the U.S. personal saving rate over the last sixty years, we can say that ________
A) it has always been low B) Americans used to spend a lot more than they have in recent years C) Americans used to save a lot more than they have in recent years D) it has always been fairly high E) Americans spend more when concerned about their future earnings
Free riders consume or enjoy benefits that they do not pay for
Indicate whether the statement is true or false
Draw a production possibilities frontier for an economy, with the axes labeled "military goods" and "peace goods." Indicate the region that is attainable and the region that is not. Explain the shape of the curve-what assumptions did you make in drawing it?