Problems & Exercises for MACRO
UNIT THREE (FOR UNIT THREE)
Unit Three--Assignment Two--Web Problem 1
UNIT THREE (FOR UNIT THREE) Unit Three--Assignment Two--Web Problem 1Problems & Exercises for MACRO
Assume that you are a supply-side economist. Would you favor or disfavor each of the following tax and regulatory policies, and why?
Please send your responses by e-mail.
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1 |
The federal government raises the corporate profits tax rate.
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2 |
The State of Oklahoma establishes a uniform sales tax rate of 15% for the entire state. To offset this, the legislature eliminates the state income tax.
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3 |
Congress changes the tax code to allow business firms to write off (depreciate) the cost of equipment and machinery faster.
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4 |
The President and Congress agree to eliminate the Environmental Protection Agency (EPA) and the Occupational Safety and Health Administration (OSHA).
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5 |
The federal government raises personal income tax rates.
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