The collective bargaining process can result in a wage below the supply curve of labor.
Answer the following statement true (T) or false (F)
False
The collective bargaining process will never yield a wage greater than the marginal revenue product (demand), which is the maximum wage an employer would pay, or less than the labor supply curve, which is the lowest wage an employee would accept.
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The Federal Open Market Committee makes decisions about ________ policy.
A. monetary B. banking C. deposit insurance D. fiscal
When discussing the private capital account, asset flows include all but which one of the following?
A) capital expenditures by domestic firms B) foreign securities purchased by domestic citizens C) changes in the balances of a bank's cash deposit from foreign transactions D) an investment in a foreign subsidiary by a domestic firm
Real GDP
a. moves in the opposite direction as unemployment. b. increases as production falls. c. falls when households save a smaller fraction of their income. d. All of the above are correct.
The purchase of government bonds by the Fed leads to a(n)
A) increase in the demand of bonds and a decrease in the price of bonds. B) increase in the supply of bonds and a decrease in bond prices. C) decrease in the demand of bonds and an increase in the price of bonds. D) decrease in the supply of bonds and an increase in bond prices.