Concept explainers
(a)
To ascertain: The category to which the statementbelongs, out of positive and normative types: A tax cut will raise interest rates.
(b)
To ascertain:The category to which the statement belongs, out of positive and normative types: A reduction in the payroll tax would primarily benefit poor and middle-class workers.
(c)
To ascertain:The category to which the statement belongs, out of positive and normative types: Payroll taxes are too high.
(d)
To ascertain:The category to which the statement belongs, out of positive and normative types: A cut in the payroll tax would improve the presidents popularity ratings.
(e)
To ascertain:The category to which the statement belongs, out of positive and normative types: Payroll taxes should not be cut unless
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- Principles of Macroeconomics (MindTap Course List)EconomicsISBN:9781305971509Author:N. Gregory MankiwPublisher:Cengage Learning