Between 2002 and 2014, employment
a. declined in construction and manufacturing
b. declined in construction and increased in manufacturing.
c. delclined in manufacturing and increased in construction.
d. increased in construction and manufacturing.
a
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Monetarists assume that people form their expectations only by
a. looking forwards b. looking backwards. c. using all available information. d. using publicly available forecasts.
What causes demand-side inflation? What causes supply-side inflation?
What will be an ideal response?
Which of the following will cause the long-run aggregate supply curve to shift?I.Changes in the amount of capitalII.Changes in the price levelIII. Changes in the money supply
A. I only B. II only C. I, II, and III D. only I and II
To reduce labor surplus above the equilibrium union wage level, a union may do all of the following EXCEPT
A) lengthen apprenticeship period. B) assign jobs based on seniority. C) limit the number of new members accepted. D) encourage nonunion members to join the union.