The marginal tax rate on labor income for many workers in the United States is almost
a. 30 percent.
b. 40 percent.
c. 50 percent.
d. 65 percent.
b
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________ save a ________ of their income. This ________ capital in their economy and raises economic growth
A) High-income countries; large proportion; increases B) Developing countries; large proportion; decreases C) High-income countries; small proportion; increases D) Developing countries; small proportion; increases
The main avenue by which a temporary change in government purchases in the classical model affects the labor supply is by
A) changing the population. B) affecting the value of the stock market. C) increasing business confidence. D) affecting workers' wealth.
Which of the following would increase aggregate demand?
a. A deficit in the government budget b. An increase in taxes c. An increase in government borrowing d. A surplus in the government budget e. A decrease in government spending
Things that cause the demand to shift?
What will be an ideal response?