The marginal tax rate is
A. the total taxes paid as a percentage of total income.
B. the average tax rate paid by both individuals and corporations.
C. the sum of all individual tax rates.
D. the increase in taxes as a percentage of the increase in income.
Answer: D
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If expectations are rational, can monetary and fiscal policy makers accurately control the effects their policies have on unemployment? a. Yes, provided they announce policies in advance
b. Yes, both policies are effective in altering unemployment in the desired ways. c. No, because these effects depend on whether and to what extent people are fooled by those policies. d. No, only fiscal policy can alter unemployment.
A shift in the demand curve occurs when
a. suppliers place more goods on the market. b. the price of a good rises. c. consumers want to buy more or less than before at a given price. d. the price of the good falls.