The imposition of a payroll tax
A. Increases the net wage paid to employees.
B. Shifts the labor supply curve to the left.
C. Reduces the nominal cost of labor.
D. Shifts the labor demand curve to the right.
Answer: B
Economics
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An increase in government spending
A) increases consumption and output. B) increases consumption, decreases output. C) decreases consumption, increases output. D) decreases consumption and output.
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Positive correlation between x and y implies that
A) when x is high, y is high. B) when x is high, y is low. C) when x is zero, y is positive. D) x and y are positively unrelated.
Economics