During what period did members of labor unions comprise the largest share of the labor force?
a. 1840-1860.
b. 1875-1895.
c. 1920-1940.
d. 1950-1970.
e. 1980-2000.
d. 1950-
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Laissez-faire proponents contend that the government can serve a valuable role in encouraging firms to engage in research and development by creating a patent system
Indicate whether the statement is true or false
According to Keynesians, __________ monetary policy will not remove the economy from a(an) __________ gap if __________
A) contractionary; recessionary; investment is interest-insensitive B) expansionary; recessionary; the economy is in the liquidity trap C) expansionary; inflationary; investment is interest-insensitive D) contractionary; inflationary; the economy has been in the inflationary gap for more than one year E) none of the above
What is the difference in the explanation of the shape of the aggregate demand curve and a single product demand curve? After all, both demand curves show an inverse relationship between price and quantity.
What will be an ideal response?
Refer to Figure 7-2. The market equilibrium price is
A) $60. B) $50. C) $40. D) < $40.