In reference to welfare recipients, the high effective marginal tax rate on earnings
a. encourages self-sufficiency
b. encourages more labor market activity
c. discourages employment
d. increases total family income if the marginal tax rate exceeds 100 percent
e. tends to increase welfare benefits as more income is earned up to the "means-test" threshold
C
Economics
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Refer to Figure 24-2. Ceteris paribus, an increase in workers and firms adjusting to having previously overestimated the price level would be represented by a movement from
A) SRAS1 to SRAS2. B) SRAS2 to SRAS1. C) point A to point B. D) point B to point A.
Economics
Cost-push inflation is due to:
a. raw material cost increases. b. energy cost increases. c. All of the answers are correct. d. labor cost increases.
Economics