If you were building a macroeconomic model that explores the effect of an increase in income tax rates on the size of the labor force, the exogenous variable(s) would be
A) income tax rates.
B) the size of the labor force.
C) both income tax rates and the size of the labor force.
D) neither income tax rates nor the size of the labor force.
A
Economics
You might also like to view...
What is the primary reason that the highest quintile's share of the national income increased very rapidly over the last 20 years?
A. Poor people are lazy and do not want to work. B. All of our jobs have been shipped overseas. C. Tax cuts on the property owners and high income citizens. D. High cost of health care.
Economics
Price discrimination allows a producer to
A. Reap the highest possible average price for the quantity supplied. B. Decrease total costs. C. Increase the elasticity of consumer demand. D. Minimize marginal costs.
Economics