The abolition of income tax would probably ______ the number of workers in employment and _______ the equilibrium rate of unemployment?

Related Mcqs:

The Phillips curve is a graph showing the relationship between ?

A. the price level and the unemployment rate B. the inflation rate and the unemployment rate C. the level of aggregate output and the price level D. the inflation rate and the level of aggregate demand...

Possible causes of involuntary unemployment are ?

A. minimum wage agreements B. trade C. scale economies D. insider-outsider distinctions E. efficiency wages F. all of the above...

The classical view of the labor market is basically consistent with the assumption of _________ aggregate supply curve?

A. a vertical (or almost vertical) B. a downward sloping C. a horizontal (or almost horizontal) D. an upward sloping...

During Periods of rising inflation and rising interest rates we expect the demand for real cash to ?

A. rise B. fall C. not changes D. fluctuates...

The Phillips curve shows the trade-off between _____ and _____?

A. the inflation rate, interest rates B. the inflation rate, the unemployment rate C. interest rates, output D. output, employment...