Prior to the AFL-CIO merger in 1955
A. the AFL was an alliance of industrial unions.
B. the CIO was an alliance of craft unions.
C. The AFL began to organize its own industrial unions as well as craft unions.
D. the union movement was restricted to public employees.
C. The AFL began to organize its own industrial unions as well as craft unions.
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The slope of the budget line is determined only by the prices of the commodities purchased.
Answer the following statement true (T) or false (F)
Assume a demand deposit multiplier of 2 and a government expenditure of $10 million. If the Treasury borrows that much from the banking system, bank reserves will
A) rise by $2 million. B) rise by $10 million. C) rise by $20 million. D) remain unchanged.
A one-year discount bond with a par value of $5000 sold today, at issuance, for $4750 has a yield to maturity of
A) 5.00%. B) 5.26%. C) 2.50%. D) 9.75%.
A decrease in the real interest rate outside of the United States will cause the dollar to ________ relative to other currencies and ________ net exports and real GDP
A) appreciate; increase B) appreciate; reduce C) depreciate; increase D) depreciate; reduce