In 2006, a Social Security (FICA) tax of 7.65% of payroll earnings was paid by both the employee and the employer

Indicate whether the statement is true or false

T

Economics

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The nominal interest rate is 7% and the real interest rate is 2.75%. What is the inflation rate?

A) 3.75% B) 4.55% C) 4.25% D) 9.75%

Economics

A perfectly competitive firm has

a. A perfectly elastic demand curve b. A perfectly elastic supply curve c. A downward sloping demand curve d. A downward sloping supply curve

Economics