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
D
Economics
You might also like to view...
Refer to Figure 15-10. What is the area that represents consumer surplus under a monopoly?
A) the triangle P0P2E B) the trapezium P1P2EF C) the rectangle P1P3HF D) the triangle P0P1F
Economics
Bank A has $75,000 in total reserves, and zero excess reserves. The required reserve ratio is 12 percent. Bank A has checkable deposits of
A) $84,000. B) $62,500. C) $625,000. D) $6,250,000. E) $840,000
Economics