In Figure 3-7 above, if natural real GDP = $2500, AP = $250, and the change in "a" = change in I = change in NX = 0, the tax cut required to achieve then natural real GDP is

Refer to Figure 11-6. In the figure above which letter represents the average variable cost curve?

A) A B) B C) C D) D

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