In the above figure, which part corresponds to a fall in the money wage rate?

If a government has a budget deficit, it must

A) decrease its expenditures. B) borrow in the loanable funds market. C) decrease taxes. D) increase taxes. E) lower the real interest rate.

A ________ tax system is one in which tax rates increase with taxable base incomes

A) regressive B) progressive C) proportional D) supplementary