Rising productivity usually reduces workers’ standards of living.
Answer the following statement true (T) or false (F)
False
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To achieve long-run equilibrium in an economy with a recessionary gap, without the use of stabilization policy, the inflation rate must:
A. not change. B. increase. C. decrease. D. either increase or decrease depending on the relative shifts of AD and AS.
The IRS receives approximately
a. 80 percent of the taxes owed b. 50 percent of the taxes owed c. 40 percent of the taxes owed d. 20 percent of the taxes owed e. 10 percent of the taxes owed
Unemployment compensation payments:
A. rise during a recession and thus reduce the severity of the recession. B. rise during a recession and thus increase the severity of the recession. C. rise during inflationary episodes and thus reduce the severity of the inflation. D. fall during a recession and thus increase the severity of the recession.
The Occupational Safety and Health Administration (OSHA) is charged with enforcing workplace safety regulations in the United States. Employees are not allowed to waive these safety rights or to trade them off for higher salaries. That means the safety standards are:
A. negotiable. B. uniform globally. C. inalienable. D. transferable.