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1 Jun 2018
Suppose that the government imposes a lump-sum tax on the representative consumerâs labor income, whose amount is T. Further suppose that the governemnt increases the labor income tax amount. What are the effects of an increase in T on consumerâs consumption (c) and leisure (l)? Explain why.
Suppose that the government imposes a lump-sum tax on the representative consumerâs labor income, whose amount is T. Further suppose that the governemnt increases the labor income tax amount. What are the effects of an increase in T on consumerâs consumption (c) and leisure (l)? Explain why.
Collen VonLv2
2 Jun 2018
