The faster the rate of technological progress:
a. the greater the rate of economic growth
b. the slower the rate of economic growth.
c. the greater the rate of population growth.
d. the slower the rate of growth of the money supply.
a
Economics
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An examination of tax rates for federal income tax in the United States demonstrates that for most people, the marginal tax rate is ______.
a. lower than the average tax rate b. the same as the average tax rate c. higher than the average tax rate d. the inverse of the average tax rate
Economics
When real wages decline, ______.
a. employers must fire workers b. employers can hire more workers c. workers have fewer job opportunities d. workers have lower expenses
Economics