Many economists believe that
a. once a negative income tax system was in place, the United States could increase economic equality indefinitely without reducing economic efficiency.
b. a negative income tax would be less efficient than the current welfare system.
c. replacing the current welfare system with a negative income tax would increase both economic efficiency and economic equality.
d. None of the above is correct.
c
Economics
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An increase in disposable income will shift the aggregate demand curve to the right
Indicate whether the statement is true or false
Economics
The "underground economy" is also referred to as
A) the informal sector. B) the halfway economy. C) the net domestic product economy. D) the formal sector.
Economics