Macroeconomics final matching (page numbers)

  1. Total taxes paid divided by total income
    Average tax rate
  2. The extra taxes paid on an additional dollar of income
    Marginal tax rate
  3. The offset in aggregate demand that results when expansionary fiscal policy raises the interest rate and thereby reduces investment spending
    Crowding out effect
  4. Above-equilibrium wages paid by firms to increase worker productivity
    Effecincy wages
Author
fillup
ID
151904
Card Set
Macroeconomics final matching (page numbers)
Description
Macroeconomics final matching (page numbers)
Updated