Long lines and gasoline shortages during the 1970's can be attributed completely to the decision by OPEC to raise crude oil prices
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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What is the shape of the long-run aggregate supply curve? Why?
What will be an ideal response?
Economics
Suppose that the labor movement has a revival in the United States and the majority of workers join labor unions. As a result we would expect
A) the unemployment rate to fall. B) the unemployment rate to rise. C) the labor force participation rate to fall. D) no change in the unemployment rate or labor force participation rate.
Economics
Members of the Board of Governors of the Federal Reserve serve one _____ year term.
Fill in the blank(s) with the appropriate word(s).
Economics
Binding arbitration is when an impartial observer helps resolve differences between union and management
a. True b. False
Economics