For the purpose of analyzing the gains and losses from a tax on a good, we use tax revenue as a direct measure of the
a. government's benefit from the tax.
b. government's loss from the tax.
c. deadweight loss of the tax.
d. overall net gain to society of the tax.
a
Economics
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The nominal wage is the wage rate adjusted for changes in the price level
Indicate whether the statement is true or false
Economics
An increase in the rate of inflation:
A. can only result from increases in aggregate demand. B. can result from shifts in either the dynamic aggregate demand curve or the short-run aggregate supply curve. C. will result only if the long-run aggregate supply curve is vertical. D. can only result from upward shifts in the short-run aggregate supply curve.
Economics