When the economy enters a recessionary phase of the business cycle, unemployment tends to
A) decrease.
B) increase.
C) be unchanged.
D) change in the same direction as the rate of inflation.
Answer: B
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The establishment of "right-to-work" laws came about with the passage of the
A. Sherman Antitrust Act. B. Taft-Hartley Act. C. National Labor Relations Act. D. Landrum-Griffin Act.
Refer to the information provided in Figure 9.6 below to answer the question(s) that follow. 
Figure 9.6Refer to Figure 9.6. Assume this firm is in a constant-cost industry. For this firm to be in long-run equilibrium, the firm must be producing
A. q1 units of output. B. q2 units of output. C. q3 units of output. D. an amount that is indeterminate from this information.
Which of the following is not an example of a socio-cultural impediment to economic growth?
A. Tribal allegiances that take precedence over national unity B. Religious beliefs and practices that severely limit economic activity C. Migration of labor resources from agricultural to urban areas D. The existence of a system for allocating jobs based on caste or tradition
In the labor market shown below , if the demand for labor increases so that the equilibrium wage rate goes above the minimum wage Wm, then the minimum-wage law will:
A. Cause higher unemployment
B. Cause lower unemployment
C. Labor supply to decrease
D. Become ineffective in the market