Which landmark legislation protected the right of workers to organize and bargain collectively?
a. Landrum-Griffen Act
b. Taft-Hartley Act
c. Wagner Act
d. Walsh-Healy Act
c
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Assuming the economy represented in the graph shown is currently at point B, if the government does nothing, then eventually:
A. SRAS will shift to the right, and the economy will have Y3 output with lower prices.
B. SRAS will shift left, and the economy will experience stagflation.
C. LRAS will shift left, until lower equilibrium output is reached with lower prices.
D. the entire economy will collapse.
Survey evidence from forex traders indicates support for the economic fundamental's impact on exchange rates:
a. in the short run. b. in the moderate run. c. only in the long run. d. not at all.
Using Figure 1 above, if the aggregate demand curve shifts from AD1 to AD2 the result in the short run would be:
A. P1 and Y2. B. P3 and Y1. C. P2 and Y2. D. P2 and Y3.
When comparing income inequality across nations, one finds that the United States is
a. the least equal nation in the world. b. more equal than most nations but not the most equal. c. the most equal nation in the world. d. less equal than most nations but not the least equal.