The approach by which a labor union tries to negotiate an industry-wide wage for different classes of labor is called:
a. inclusive or industrial.
b. mediation.
c. arbitration.
d. strike.
a
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Rank these three items in terms of the elasticity of the demand for them at any given price, from most elastic to least elastic: hot beverages, coffee and Peet's Coffee
A) hot beverages, coffee, Peet's Coffee B) coffee, Peet's Coffee, hot beverages C) Peet's Coffee, coffee, hot beverages D) coffee, hot beverages, Peet's Coffee
A drop in velocity means that at any nominal GDP there is a desire to hold a ________ proportion of assets in money form, thus ________ shift in the LM curve
A) larger, a downward B) larger, an upward C) smaller, a downward D) smaller, an upward
Which of the following is true of banks? a. Banks reduce the opportunity cost of holding idle cash
b. Banks act as intermediaries between the government and private investors. c. Banks can reduce risk by lending to rich borrowers. d. Banks reduce the transaction costs of borrowing and lending money. e. Banks can reduce risks by extending more loans.
For this question, assume that policy makers are pursuing a fixed exchange rate regime. Now suppose that an increase in stock market wealth causes an increase in consumption. Which of the following will tend to occur in a fixed exchange rate regime?
A) an increase in Y B) an increase in the money supply C) no change in the domestic interest rate D) all of the above