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In the aggregate supply relation, the current price level depends in the medium run upon:
Payroll Taxes
Taxes imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their staff.
Employee
An individual who works part-time or full-time under a contract of employment, contributing labor and expertise to an employer.
Employer
An individual or organization that hires and pays people to work.
Wages Expense
The total cost incurred by an organization to pay salaries and wages to its employees for a specific period.
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