In the long run,
a. fiscal policy has no effect on the labor force participation rate.
b. lower tax rates can lower the labor force participation rate.
c. less generous transfer payments can raise the labor force participation rate.
d. higher tax rates can raise the labor force participation rate.
e. None of the above
C
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All of the following are factors that will shift the demand curve except
A) a change in the price of complementary products. B) a change in the price of substitute products. C) a change in income. D) a change in the price of inputs.
One well-established full-service stock brokerage charges $35 commissions per trade. A new online brokerage charges $7.95 per trade. Yet, many people still elect to use the traditional, full service broker. Why?
A) They're fools. B) They must not be aware of online brokers. C) They might perceive the low commission to be a sign of low reliability. D) They are failing to economize.