In order for a strike to be successful, the union must decrease the supply of both union and non-union labor
a. True
b. False
A
You might also like to view...
When planned aggregate expenditure is larger than real GDP, actual inventories ________ planned inventories and real GDP ________
A) are more than; decreases B) are more than; increases C) are less than; increases D) are not related to; increases E) are less than; decreases
A clear-cut "rules versus discretion" debate is no longer possible because those economists advocating rules for ________, such as ________, must leave the Fed with plenty of discretionary power
A) policy instruments, the money supply B) policy instruments, the inflation rate C) target variables, the money supply D) target variables, the inflation rate
An example of a beneficial externality is
a. airport noise. b. a blooming curbside bed of violets. c. pollution of a fishing lake. d. freeway congestion.
If interest rates decrease:
a. the quantity of money demanded will not change. b. the money demand function will shift to the right. c. the quantity of money demanded will decrease. d. the money demand function will shift to the left. e. the quantity of money demanded will increase.