Employers can shift payroll taxes by substituting capital for labor.
Answer the following statement true (T) or false (F)
True
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In the real world, the actual multiplier is ____ the simplified multiplier
a. much larger than b. slightly larger than c. equal to d. slightly smaller than e. much smaller than
If the quantity demanded of restaurant meals increases by 20% when income increases by 10%, restaurant meals are:
A. normal goods. B. inferior goods. C. complementary goods. D. substitute goods.
In the modern Keynesian model, over much of its range the short-run aggregate supply (SRAS) curve is
A) horizontal. B) vertical. C) upward sloping. D) downward sloping.
According to the text, college students give higher evaluations to professors who are:
a. young and attractive. b. experienced and highly qualified. c. interactive and easily approachable. d. strict and disciplined.