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If the Naval Research Labs Fired a Chemist and the Environmental

question 68

Multiple Choice

If the Naval Research Labs fired a chemist and the Environmental Protection Agency hired her at the same salary,the net effect of these events would to be __________ in aggregate demand.


Definitions:

Marginal Provincial Tax Rate

The percentage of tax applied to your next dollar of income, specific to the tax brackets determined by a Canadian province.

Provincial Tax Rates

The income tax rates levied by a province on individuals and businesses, which vary depending on the province and income level.

Average Provincial Tax Rate

The Average Provincial Tax Rate is the average rate of tax imposed by a province on income, which can vary depending on the income level and specific province.

Average Tax Rate

The ratio of total taxes paid to total income, representing the percentage of income paid in taxes.

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