Examlex
The exchange rate can "overshoot" its long-run value because the ________ are sluggish in the short run,whereas the __________ adjust instantaneously to a shock.
Corporate Sector
The portion of an economy comprised of corporations, including businesses and enterprises, engaged in commercial or industrial activities.
Medicare Tax
A federal payroll tax imposed on both employees and employers to fund Medicare, the United States' health care program for the elderly and some disabled individuals.
Tax Shifting
The process by which the economic burden of a tax is passed from one entity to another, such as from businesses to consumers.
Regressive
In economics, describes a situation or policy that disproportionately affects those with lower incomes or wealth, often referring to certain tax systems.
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