A politician says, We could help low-wage workers by offering them tax credits that depend on their
Question:
A politician says,
“We could help low-wage workers by offering them tax credits that depend on their earned income, but it would be cheaper to do it by raising the minimum wage because that would cost the government nothing.” Evaluate this argument.
Learning Objective 23.2 Discover how fiscal policy can smooth business cycles.
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Related Book For
Principles Of Macroeconomics
ISBN: 9781982166649
1st Canadian Edition
Authors: Betsey Stevenson, Justin Wolfers, Philip Oreopoulos, Kevin Milligan
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