=+2. Assume that workers whose incomes are less than $10,000 currently pay no federal income taxes. Suppose

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=+2. Assume that workers whose incomes are less than

$10,000 currently pay no federal income taxes. Suppose a new government program guarantees each worker

$5000, whether or not he or she earns any income.

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Microeconomics

ISBN: 9781292081977

8th Global Edition

Authors: Robert S. Pindyck, Daniel L. Rubinfeld

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