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Daanyal is a salaried nonexempt employee who is married with two withholding allowances and earns $34,000 per year.During a biweekly pay period,he worked 88 hours.His standard workweek is 40 hours.What is Daanyal's gross pay for the period? (Do not round intermediate calculations.Round your answer to 2 decimal places. )
MPC
Marginal Propensity to Consume, a measure of how much consumption changes with a change in income.
Aggregate Demand
The total demand for all goods and services within a particular economy at a given overall price level and in a given time period.
Interest Rate
The percentage at which interest is paid by a borrower for the use of money they borrow from a lender, often expressed as an annual percentage rate (APR).
Multiplier
In macroeconomics, a factor that quantifies how an initial change in spending will affect total economic output.
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