Unions do not need to worry about the effects of greater employment numbers on the wage rate.
Answer the following statement true (T) or false (F)
False
A union evaluates job offers on the basis of the collective interests of its members. In particular, it must be concerned with the effects of increased employment on the wage rate paid to its members. Like all monopolists, unions have to worry about the downward slope of the demand curve.
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The level of potential output in the United States increases as the
A) supply of labor decreases. B) demand for labor decreases. C) supply of labor increases. D) stock of capital decreases.
Logan finds $10 in his jacket pocket and deposits it into a bank. As a result of this single transaction, M1 has
A) increased by more than $10. B) increased by $10. C) not changed. D) increased by less than $10.
If aggregate demand just increased, which of the following may have caused the increase?
A) an increase in the interest rate B) an increase in imports C) an increase in government purchases D) an increase in the price level
Bank holding companies that rival money center banks in size, but are not located in money center cities are
A) superregional banks. B) bank clearing houses. C) international banks. D) local banks.