If the marginal tax rate rises above t * = 63%, tax revenue will decrease because
A) workers refuse to pay taxes since the tax rate is too high.
B) workers are in the downward-sloping portion of labor supply.
C) workers reduce working hours in response to the wage loss.
D) None of the above.
C
Economics
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Which of the following produces a movement along the aggregate demand curve and does not shift the aggregate demand curve?
A) a change in government expenditures on goods and services B) a change in monetary policy C) a change in the price level D) a change in foreign incomes E) a change in expectations about the future
Economics
Control of an essential resource and the economies of being established are _________ that protect monopolies.
Fill in the blank(s) with the appropriate word(s).
Economics