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Author Question: If the government replaces a lump sum tax with a proportional labor income tax, then A) ... (Read 209 times)

Chloeellawright

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on: Jun 30, 2018
If the government replaces a lump sum tax with a proportional labor income tax, then
 
  A) employment and output increase.
  B) employment increases and output decreases.
  C) employment decreases and output increases.
  D) employment and output decrease.

Question 2

The nominal interest rate ________.
 
  A) makes no allowance for inflation
  B) is a percentage of the amount borrowed
  C) is the rate that most banks advertise
  D) all of the above
  E) none of the above


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vish98

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

D


Chloeellawright

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

sultansheikh

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Reply 3 on: Yesterday
Excellent

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