Which of the following events would likely cause the largest reduction in current consumption?
A) a permanent reduction in annual salary of $2000
B) a one-time tax increase of $4000
C) a one-time reduction in income (e.g. a bonus) of $4000
D) both B and C
A
Economics
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Which of the following is a likely reason for wage inequality between men and women?
A) Men generally tend to have higher education qualifications than women. B) Women generally tend to have higher educational qualifications than men. C) Men tend to spend more time out of the labor force as compared to women. D) Women tend to spend more time out of the labor force as compared to men.
Economics
If the supplies of capital and labour are fixed and technology is unchanging, then real output is:
A. fixed. B. determined by demand. C. uncertain. D. subject to wide fluctuations.
Economics