An income tax on labor income decreases the ________ of potential GDP, and a tax on interest income decreases the ________ of potential GDP
A) growth rate; growth rate
B) level; level
C) growth rate; level
D) level; growth rate
E) None of the above answers is correct.
D
Economics
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A(n) ________ market is a non-legal market for regulated goods and services
A) open B) closed C) black D) oligopoly
Economics
A surplus federal budget in the short run:
a. boosts domestic saving and stimulates aggregate demand. b. dampens aggregate demand but boosts domestic saving. c. reduces national saving and dampens aggregate demand. d. stimulates aggregate demand but reduces national saving.
Economics