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Author Question: Unlike with Social Security taxes, there is no threshold on earnings beyond which the Medicare tax ... (Read 38 times)

bobbysung

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on: Jun 29, 2018
Unlike with Social Security taxes, there is no threshold on earnings beyond which the Medicare tax collection stops.
 
  Indicate whether the statement is true or false

Question 2

Okun's law states that for every 1-percentage-point increase in the cyclical unemployment rate, real GDP growth
 
  A) must increase by 1 percentage point for the economy to keep from experiencing a recession.
  B) decreases by about 2 percentage points.
  C) declines for 1 year.
  D) increases by 1 percentage point.


Leostella20

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Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

B


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