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    Exam 15: Social Security and Medicare: How Secure Is Our Safety Net for the Elderly
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    If People Choose to Work More Hours Because the Social
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If People Choose to Work More Hours Because the Social

Question 54

Question 54

Multiple Choice

If people choose to work more hours because the Social Security tax reduces their real wage,their behavior is dominated by the


A) Substitution effect
B) Bequest effect
C) Income effect
D) Wealth effect
E) Real wage effect

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