An Autonomous Improvement in the Nation's Trade Balance Under Fixed

question 2

Multiple Choice

An autonomous improvement in the nation's trade balance under fixed exchange rates will cause the nation's aggregate demand curve to

• A)shift to the right
• B)shift to the left
• C)remain unchanged
• D)any of the above

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Definitions:

Employer's Payroll

This encompasses the total amount of all compensation that a business must pay to its employees for a set period of time or on a given date.

May Wages

The total payroll expenses incurred for labor during the month of May.

FICA-Social Security Tax

A federal tax in the United States collected from both employees and employers to fund the Social Security program.

FICA-Medicare Tax

The portion of the Federal Insurance Contributions Act tax that funds Medicare, deducted from employees' wages and also paid by employers.