Which union recently agreed to a 3-year wage freeze and the loss of 3,000 jobs in exchange for plant upgrades and limited imports?
A. The United Steel Workers
B. The United Automobile and Aerospace Workers
C. The International Association of Machinists and Aerospace Workers
D. The International Brotherhood of Electrical Workers
A. The United Steel Workers
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Suppose that for a curve, as the variable measured on the x-axis increases, the variable measured on the y-axis decreases. The curve has a ________ slope
A) tangent B) positive C) negative D) hypothetical
The labor supply curve has a
A) positive slope always. B) negative slope if the income effect is greater than the substitution effect. C) positive slope if the income effect is greater than the substitution effect. D) negative slope always.
If the U.S. exports passenger jet aircraft, what is the effect in the foreign exchange market?
a. It will create demand for U.S. dollars. b. It will reduce demand for U.S. dollars. c. It will increase supply of U.S. dollars. d. It will decrease supply of U.S. dollars.
Assume that the expectation of a recession next year causes business investments and household consumption to fall, as well as the financing to support it. If the nation has low mobility international capital markets and a fixed exchange rate system, what happens to real GDP and the nominal value of the domestic currency in the context of the Three-Sector-Model? a. Real GDP falls and nominal
value of the domestic currency remains the same. b. Real GDP and nominal value of the domestic currency remain the same. c. Real GDP falls and nominal value of the domestic currency rises. d. Real GDP falls and nominal value of the domestic currency falls. e. There is not enough information to determine what happens to these two macroeconomic variables.