An increase in taxes on labor income shifts the labor supply curve leftward and the after-tax wage rate falls.
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Q247: If tax receipts exactly equaled government outlays
Q248: Personal income taxes are the largest source
Q249: A fiscal stimulus is used to increase
Q250: An increase in government expenditure leads to
Q251: The aggregate demand curve is shifted rightward
Q253: Discretionary policy requires an act of Congress.
Q254: An increase in taxes on labor income
Q255: All developed countries have about the same
Q256: Government expenditure on goods and services is
Q257: If tax receipts are greater than government
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