The AFL was made up mostly of __________ unions prior to 1935.
A. craft
B. industrial
C. financial
D. None of the statements are true.
A. craft
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The amount of money that people wish to hold to use in transactions varies directly with
A) the income tax rate. B) their planned near-term purchases. C) the money supply. D) the interest rate.
Refer to the above table. If the price of the good produced is $10 and the wage rate is $500, then the marginal revenue product of the 5th worker is
A) $10. B) $50. C) $750. D) $4,750.
Fiat money is money:
a. accepted by law regardless of its intrinsic value. b. that is not included as part of the M1 money supply. c. that is backed by gold or silver held on reserve by the government. d. such as coins that are made from metal.
When a country goes to the IMF for foreign currencies to stabilize its own currency, it enages with the IMF in a(n)
a. one-time-only grant from the IMF b. purchase-and-resale (of that currency) agreement c. agreement concerning import controls that is administered jointly by the IMF and the country d. exchange control agreement that is the prerogative of the IMF alone e. agreed upon devaluation