The Social Security tax is a labor tax
a. True
b. False
Indicate whether the statement is true or false
True
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The proper short-run goal of macroeconomic policymakers is to
A) amplify the business cycle. B) dampen the business cycle. C) promote high economic growth. D) maintain low economic growth.
A problem with using the price of a product similar to the intermediate good sold on the market is
a. the market price includes a margin above marginal cost b. the product on the market may include costly features your downstream division does not use c. the product on the market may be cheap because it is not as high of quality as your downstream division uses d. all of the above
The relationship between the wage rate and the quantity of labor that workers wish to supply in total is called: a. the market supply curve for labor
b. the market demand curve for labor. c. an individual demand curve for labor. d. an individual supply curve for labor.
To stabilize real GDP, the Fed must increase the money supply in response to a
a. positive demand shock b. low level of unemployment c. sudden upsurge in inflation d. rise in the interest rate e. negative demand shock