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Crystalboo92 Crystalboo92
wrote...
Posts: 545
5 years ago

Question 1.

The nonlabor income of households will decrease, causing consumption to decrease and labor supply to increase, if the government



▸ increases the corporate profits tax.

▸ increases transfer payments.

▸ implements expansionary fiscal policy.

▸ decreases the personal income tax.

Question 2.

The nonlabor income of households will increase, causing consumption to increase and labor supply to decrease, if the government



▸ decreases the corporate profits tax.

▸ decreases transfer payments.

▸ implements contractionary fiscal policy.

▸ increases the personal income tax.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
Read 94 times
1 Reply
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Answer verified by a subject expert
katiewillkatiewill
wrote...
Posts: 336
5 years ago
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Crystalboo92 Author
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5 years ago
Thanks
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This site is awesome
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Smart ... Thanks!
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