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Author Question: Refer to Table 20.1. The income tax paid by George, a single taxpayer with an income of 65,000, is ... (Read 140 times)

lb_gilbert

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on: Jun 29, 2018
Refer to Table 20.1. The income tax paid by George, a single taxpayer with an income of 65,000, is
 
  A) 11,100.
  B) 14,745.
  C) 15,345.
  D) 17,550.

Question 2

When the natural unemployment rate changes, what happens to the short-run Phillips curve? To the long-run Phillips curve?
 
  What will be an ideal response?


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macybarnes

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

When the natural unemployment rate changes, both the short-run Phillips curve and the long-run Phillips curve shift. If the natural unemployment rate increases, the Phillips curves shift rightward; if the natural unemployment rate decreases, the Phillips curves shift leftward.


lb_gilbert

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Reply 2 on: Jun 29, 2018
Gracias!

dyrone

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Reply 3 on: Yesterday
Excellent

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