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PART ONE INTRODUCTION
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adjustment aggregate demand allocation applied average benefit-cost ratio benefits billion budget capital income changes Chap chapter choice considered consumer consumer surplus consumption corporation tax cost debt deduction demand depreciation differentials earnings economic effects efficient employment equal equity evaluation factor federal Figure finance fiscal policy function gains given grants growth important imposed increase indifference curve individual income tax inflation interest investment involves issues jurisdictions labor low-income major marginal cost marginal rate measures negative income tax nonrival noted output payments payroll tax percent preferences present value problem profits programs progressive taxation property tax public expenditures public sector purchases ratio redistribution reduced result rise sales tax saving schedule share shown social stabilization Table tax base tax incidence tax rates tax revenue taxation taxpayers tion transfer United utility value-added tax various voters voting wage welfare