An increase in marginal tax rates:
A) increases a worker's hourly after-tax wage.
B) increases the opportunity cost of leisure.
C) reduces the opportunity cost of leisure.
D) increases incentives to work more.
Correct Answer:
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Q47: By changing incentives, reductions in marginal tax
Q48: An inflation _ may be more likely
Q49: The average tax rate is:
A)total taxes divided
Q50: Suppose last year Moe faced a 25%
Q51: A tax cut that affects both aggregate
Q53: Lower taxes on interest income:
A)permanently lower growth
Q54: Someone who is not strongly committed to
Q55: Fiscal policy can shift:
A)aggregate demand only.
B)both aggregate
Q56: Total taxes paid divided by total before-tax
Q57: A tax increase that affects both aggregate
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