This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: At the competitive equilibrium with a positive proportional labor income tax A) the real wage ... (Read 76 times)

Davideckstein7

  • Hero Member
  • *****
  • Posts: 555
on: Jun 30, 2018
At the competitive equilibrium with a positive proportional labor income tax
 
  A) the real wage after tax exceeds the marginal product of labor.
  B) the real wage after tax equals the marginal product of labor.
  C) the real wage after tax is lower than the marginal product of labor.
  D) We cannot say.

Question 2

When an aggregate demand shock hits the economy ________.
 
  A) there is no conflict for the central bank between pursuing price or output stability because of the divine coincidence
  B) the same long-run equilibrium real interest rate is reached whether the central bank intervenes or not
  C) the long-run level of output is unaffected
  D) all of the above
  E) none of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

efwsefaw

  • Sr. Member
  • ****
  • Posts: 351
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

D


Davideckstein7

  • Member
  • Posts: 555
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

patma1981

  • Member
  • Posts: 292
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

A comparison of gradualism and punctuated equilibrium. A comparison of gradualism and punctuated equilibrium.
Comparison of reactions at equilibrium and steady state Comparison of reactions at equilibrium and steady state
Nonverbal communications convey strong, powerful messages that may be negative or positive. Nonverbal communications convey strong, powerful messages that may be negative or positive.
Women who are 65 and older have a lower median income from all sources than men in the same age ... Women who are 65 and older have a lower median income from all sources than men in the same age ...
Positive ring precipitin test. Positive ring precipitin test.
Marketing: Real People, Real Choices Marketing: Real People, Real Choices
Video: Cardiac Cycle (Part 1 of 4)

For a complete list of videos, visit our video library