Supply-siders believe that high tax rates are a disincentive to labor supply

a. True
b. False
Indicate whether the statement is true or false


True

Economics

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The self-correcting tendency of the economy means that rising inflation eventually eliminates:

A. unemployment. B. exogenous spending. C. recessionary gaps. D. expansionary gaps.

Economics

Refer to the figure above. The loss in consumer surplus due to the imposition of the tax is given by the areas ________

A) JBIE and BIA B) EAG AND GHF C) CAE AND EAHF D) JBHF AND ABH

Economics

If a city has 3293 unemployed people and 73,177 in its labor force, then the city's unemployment rate equals

A) 45.0%. B) 4.5%. C) 4.3%. D) 0.45%.

Economics

Olson (1971) argues that the gains from private competition cannot be exceeded by the gains from collective action

Indicate whether the statement is true or false

Economics