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

Author Question: Any increase in the present value of taxes for the consumer implies A) an increase in lifetime ... (Read 67 times)

kwoodring

  • Hero Member
  • *****
  • Posts: 560
on: Jun 30, 2018
Any increase in the present value of taxes for the consumer implies
 
  A) an increase in lifetime wealth and an increase in current labor supply.
  B) an increase in lifetime wealth and a decrease in current labor supply.
  C) a decrease in lifetime wealth and an increase in current labor supply.
  D) a decrease in lifetime wealth and a decrease in current labor supply.

Question 2

Both Keynesians and supply-siders believe that tax cuts
 
  a. will increase income by increasing aggregate supply.
  b. will increase income by increasing aggregate demand.
  c. will increase income but for different reasons.
  d. will increase income in the Keynesian model but decrease income in the Supply-side model.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

234sdffa

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

C


kwoodring

  • Member
  • Posts: 560
Reply 2 on: Jun 30, 2018
Excellent

JCABRERA33

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Analogy for How Magnetic Field Strengths Increase Analogy for How Magnetic Field Strengths Increase
In 1891 William Dean Howells championed the poetry of Emily Dickinson: “This poetry is as characteri In 1891 William Dean Howells championed the poetry of Emily Dickinson: “This poetry is as characteri
A medical assistant should present a neat appearance and make it a habit to wear a smile. A medical assistant should present a neat appearance and make it a habit to wear a smile.
Many diesel fuel additives increase the cetane rating which results in improved fuel economy. Many diesel fuel additives increase the cetane rating which results in improved fuel economy.
How many Cl atoms are present in 2.16 moles of NCl3? How many Cl atoms are present in 2.16 moles of NCl3?
Some of the Alleles present at white locus Some of the Alleles present at white locus
Video: Types of disease resistance: innate defenses & immunity

For a complete list of videos, visit our video library