The __________ school of economics holds that lower tax rates and less government intervention in the private sector are the only ways to stimulate saving, investment, and productivity.
Fill in the blank(s) with the appropriate word(s).
supply-side
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A decrease in foreign real income would shift the:
A) aggregate demand curve rightward. B) aggregate demand curve leftward. C) aggregate supply curve rightward. D) aggregate supply curve leftward.
Unusually good weather that improves crop production and a major oil discovery are both examples of a beneficial supply shock
Indicate whether the statement is true or false
Which of the following does not describe the historical patterns of unionization and strike activity in the United States?
A. Union membership did not change very much from 1900 to 1935. B. The percent of public sector employees who are in a union remained relatively constant from 1950 to 2010. C. The percent of workers involved in a strike has steadily decreased over the last 40 years. D. The percent of time lost to a strike has steadily decreased over the last 40 years. E. The percent of private sector employees who are in a union has steadily decreased over the last 40 years.
In the corporate world of business, the principal-agent problem arises between:
A. Workers and managers B. Managers and stockholders C. Stockholders and bondholders D. Corporations and their banks