If the entire Social Security payroll tax were paid the employees _____
a. firms would be better off
b. more individuals would be self-employed
c. the nominal wage paid by employers would increase
d. the employees after-tax wage would fall
c
Economics
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Which of the following algebraic forms for a demand curve yields an isoelastic demand curve?
A) Q = a - b log(P) + c log(I) B) Q = a - bP + cI C) log(Q) = a - b log(P) + c log(I) D) log(Q) = bP + cI
Economics
When national income in other nations decreases, aggregate demand in our economy:
A. Increases because our exports will increase B. Decreases because our exports will decrease C. Increases because our imports will decrease D. Decreases because our imports will increase
Economics