A more stable political climate could benefit productivity just like a technological improvement could
Indicate whether the statement is true or false
true
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In the labor market, the income tax creates a tax wedge which raises the ________ wage rate, reduces the ________ wage rate, and ________ employment
A) after-tax; before-tax; does not affect. B) before-tax; after-tax; does not affect C) before-tax; after-tax; increases D) before-tax; after-tax; decreases E) after-tax; before-tax; decreases
A successful and stable cartel can be established if there are
A) many firms producing a storable product. B) many firms producing a perishable product. C) a few firms producing a storable product. D) a few firms producing a perishable product.
An increase in government purchases is likely to
a. decrease interest rates. b. reduce money demand. c. crowd out investment spending by business firms. d. All of the above are correct.
Refer to the diagram. The average propensity to consume:
A. is greater than 1 at all levels of disposable income above $100.
B. is greater than 1 at all levels of disposable income below $100.
C. is equal to the average propensity to save.
D. cannot be determined from the information given.