Macroeconomics
Macroeconomics
10th Edition
ISBN: 9780134896441
Author: ABEL, Andrew B., BERNANKE, Ben, CROUSHORE, Dean Darrell
Publisher: PEARSON
Question
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Chapter 15, Problem 5NP

a)

To determine

To find: The equilibrium value of output.

b)

To determine

To find: The equilibrium value of real wage, employment, N and output when 25% tax on wage is levied.

c)

To determine

To know: The equilibrium value of real wage, employment, N and output when 50% tax is levied on wages.

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