Productivity is defined as the ratio of ________ to ________

Explain how the Fed's response to inflation works its way through the economy to ultimately affecting real GDP and the price level

What will be an ideal response?

An increase in the marginal tax rate, with the average tax rate held constant, will

A) increase the amount of labor supplied at any real wage. B) not affect the amount of labor supplied at any real wage. C) decrease the amount of labor supplied at any real wage. D) increase the amount of labor supplied at any real wage if the average tax rate is above the marginal tax rate, but decrease the amount of labor supplied at any real wage if the average tax rate is below the marginal tax rate.