If the entire Social Security payroll tax were paid by the employers _____
a. the workers would be better off
b. labor costs would increase
c. the price of all non-labor goods would rise
d. the employees after-tax wage would be unaffected
d
Economics
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Among the subjects covered in macroeconomics are the
A) unemployment rate for the entire labor force, and the causes of the increase in the overall price level. B) causes of the increase in the price of oil relative to other commodities. C) effects of low wages on the laborers' moral. D) causes of the change in the individual firms' profits.
Economics
The total revenue graph consistent with Table 8.1 is
A) linear and upward-sloping. B) linear and horizontal. C) linear and vertical. D) linear and downward-sloping. E) concave downwards.
Economics