Taxes on labor tend to encourage the elderly to retire early
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Members of the Federal Reserve Board of Governors
A) are confirmed by the House of Representatives. B) frequently need to deal with political pressures. C) are members of the Federal Open Market Committee. D) are appointed to 4 year terms.
The relative quickness with which the Open Market Committee can respond to changes in economic indicators leads the Fed to
A) control precisely the growth rate of the money stock. B) control precisely the growth rate of total spending. C) make more frequent mistakes in monetary policy than Congress makes in executing fiscal policy. D) use the discount rate to control bank lending and hence aggregate demand.
If the MPC = 0.75, a decrease in personal taxes from $100 billion to $80 billion will increase real GDP by
A) $20 billion. B) $40 billion. C) $60 billion. D) $80 billion.
All of the following would shift the LRAS curve to the right EXCEPT
A) an increase in the size of the labor force. B) a net inflow of human capital. C) an increase in the overall price level. D) an improvement in technology.