In the above figure, which wage rate yields the highest union employment?

A) W1
B) W2
C) W3
D) W2 - W1

A

Economics

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The government purchases multiplier will be larger if the marginal income tax rate decreases

Indicate whether the statement is true or false

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Which of the following would both raise the U.S. exchange rate?

a. capital flight from other countries to the U.S. occurs and the U.S. moves from budget surplus to budget deficit b. capital flight from other countries to the U.S. occurs and the U.S. moves from budget deficit to budget surplus c. capital flight from the U.S. to other countries occurs, the U.S. moves from budget surplus to budget deficit d. capital flight from U.S. to other countries occurs, the U.S. moves from budget deficit to budget surplus

Economics