Which of the following statements about the Social Security tax is not true?
A. It is a progressive tax.
B. It came into existence in 1935.
C. It is imposed on employers and employees.
D. It is a payroll tax.
A. It is a progressive tax.
You might also like to view...
A perfectly competitive firm in a competitive labor market will hire more labor whenever
A) its average revenue product of labor exceeds the wage rate. B) the wage rate exceeds its average revenue product of labor. C) its value of marginal product of labor exceeds the wage rate. D) the wage rate exceeds its value of marginal product of labor.
The sales of the 50 largest corporations in the U.S. economy amount to nearly 37 percent of GDP
a. True b. False Indicate whether the statement is true or false
According to the adaptive expectations hypothesis,
a. inflation will cause the long-run unemployment rate to decline. b. the economic record during the current period strongly influences decision-maker expectations about the future. c. decision makers will consider the expected impact of policy changes when forming their expectations about the future rate of inflation. d. future inflation will adapt to conform with the expectations of decision makers.
In Figure 10-5 above, suppose that the economy's steady-state point is C. At points to the left of this, steady-state investment ________ national saving, moving the economy ________ point C
A) exceeds, further away from B) exceeds, closer to C) falls short of, further away from D) falls short of, closer to