A politician says, We could help low-wage workers by offering them tax credits that depend on their

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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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Principles Of Macroeconomics

ISBN: 9781982166649

1st Canadian Edition

Authors: Betsey Stevenson, Justin Wolfers, Philip Oreopoulos, Kevin Milligan

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