The relative decline in manufacturing in the United States has contributed to the decline in unionization.
Answer the following statement true (T) or false (F)
True
The decline in unionization is explained by three phenomena. Most important is the relative decline in manufacturing, coupled with rapid growth in high-tech service industries (like computer software, accounting, and medical technology). The second force is the downsizing of major corporations and the relatively faster growth of smaller companies. The third cause of shrinking unionization is increased global competition.
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The "stagflation" of the 1970s ________ Keynesian macroeconomics until the Keynesians started to build the consequences of changing inflationary expectations and ________ shocks into their models
A) reinforced the dominance, supply B) reinforced the dominance, demand C) deepened the eclipse, supply D) deepened the eclipse, demand
Which of the following will most likely cause an increase in the aggregate supply curve?
a. a reduction in the general level of prices b. an increase in the general level of prices c. an improvement in technology that substantially reduces the cost of generating energy d. an increase in taxes that makes it more expensive for Americans to import crude oil
Imagine that Odyssey National is a brand new bank, and that its required reserve ratio is 10 percent. If it accepts a $1,000 deposit, then its loan balance can increase by a maximum of:
a. $0. b. $90. c. $100. d. $900. e. $910.
Some economists say that "full employment" exists in an economy when:
a. cyclical unemployment is 2 percent. b. cyclical unemployment is 4 to 6 percent. c. frictional unemployment is zero. d. the unemployment rate is 4 to 7 percent. e. the natural unemployment rate is zero.