Author Question: According to the classical system, a decrease in the income tax rate reduces the after-tax real wage ... (Read 50 times)

cabate · **on:** Jun 30, 2018

According to the classical system, a decrease in the income tax rate reduces the after-tax real wage

a. and shifts the labor supply schedule to the right.
b. and shifts the labor supply schedule to the left.
c. without shifting the labor supply schedule.
d. None of the above

Question 2

The current account in a nation's balance of payments accounts includes

a. exports of U.S. computers
b. imports of German automobiles.
c. purchases of foreign stocks.
d. Both a and b
e. All of the above