Macroeconomics (9th Edition)
Macroeconomics (9th Edition)
9th Edition
ISBN: 9780134167398
Author: Andrew B. Abel, Ben Bernanke, Dean Croushore
Publisher: PEARSON
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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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