An increase in taxes on labor earnings, everything else equal
a. shifts the labor supply curve to the left and increases the real wage.
b. shifts the labor supply curve to the right and increases the real wage.
c. shifts the labor supply curve to the right and reduces the real wage.
d. shifts the labor supply curve to the left and reduces the real wage.
A
Economics
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Less than 1/3 of those age 85 or older are currently married
Indicate whether the statement is true or false
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Other things equal, the stock of capital inherited by future generations is likely to be smaller when government spending:
A. increases during a period of recession, rather than prosperity. B. is primarily for capital-type goods. C. is financed by borrowing. D. is financed by taxation.
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