The National Labor Relations (Wagner) Act prohibited employers from
A. coercion or interference with employees who are organizing or bargaining.
B. refusing to bargain in good faith with a union legally representing employees.
C. penalizing employees for union activity.
D. All of these choices are correct.
D. All of these choices are correct.
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If your nominal wage rises faster than the price level, we can say your real wage has ________ and the purchasing power of your income has ________
A) risen; risen B) fallen; risen C) risen; fallen D) fallen; fallen
A source of business risk is a change in
A) technology. B) consumer preferences. C) input prices. D) All of the above
If we observe that every increase in income of $120 million generates an increase in consumption of $80 million, then the simple multiplier is
a. 2/3. b. 3/2. c. 2. d. 3. e. 8.
Which of the following is part of the modern view of the Phillips curve?
a. When inflation exceeds what was anticipated, unemployment falls below the natural rate. b. When inflation is less than anticipated, unemployment will rise above the natural rate. c. Demand stimulus policies can temporarily reduce unemployment, but in the long run, their primary impact will be on prices (inflation). d. All of the above are correct.