Macroeconomics
Macroeconomics
10th Edition
ISBN: 9780134896441
Author: ABEL, Andrew B., BERNANKE, Ben, CROUSHORE, Dean Darrell
Publisher: PEARSON
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Chapter 1, Problem 4AP

(a)

To determine

To ascertain: The category to which the statementbelongs, out of positive and normative types: A tax cut will raise interest rates.

(b)

To determine

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 determine

To ascertain:The category to which the statement belongs, out of positive and normative types: Payroll taxes are too high.

(d)

To determine

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 determine

To ascertain:The category to which the statement belongs, out of positive and normative types: Payroll taxes should not be cut unless capital gains taxes arc also cut.

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