An increase in the tax rate (t)
A) will rotate the budget line upward.
B) will increase the slope of the budget line.
C) will shift the budget line downward.
D) A and B.
D
Economics
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The Social Security tax (OASDI) is applied to every dollar of wages earned
Indicate whether the statement is true or false
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A binding minimum wage
a. affects employees but not employers. b. lowers the productivity of workers. c. raises the cost of labor to firms. d. All of the above are correct.
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