If you get a job and are never required to join the union, this is known as a(n)
A) closed shop.
B) open shop.
C) agency shop.
D) union shop.
B
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Starting from long-run equilibrium, an increase in autonomous consumption results in ________ output in the short run and ________ output in the long run.
A. higher; higher B. higher; potential C. lower; higher D. lower; potential
Let "C = Ca + by" define the consumption function. The term "by" is
A) the marginal propensity to consume. B) autonomous consumption. C) current income. D) consumption that depends on income.
Which of the following would cause the consumption function to shift downward?
a. A decrease in taxes b. A decrease in interest rates c. Consumers become more pessimistic about the future d. Consumers become more optimistic about the future e. None of the above
Compared to two-party systems, proportional-representation systems are thought to:
A. be much less efficient and lead to very few compromises when voting. B. lead to more centrist policies. C. offer a wider variety of platforms among which voters can choose. D. create unwieldy combinations of policies within one platform.