What tools can unions use to increase the demand for union labor?
What will be an ideal response?
The main tools that unions use to increase the demand for union labor are: increased training and education for its members; lobbying for import restrictions; supporting minimum wage laws; supporting immigration restrictions; and increasing the demand for the goods produced.
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A(n) __________ in consumer spending will __________ the demand for reserves, resulting in a __________ federal funds rate
A) increase; raise; lower B) increase; raise; higher C) decrease; raise; higher D) decrease; lower; higher
Assuming rational expectations and complete wage and price flexibility, systematic stabilization policy impacts
A) real GDP. B) real wages. C) the unemployment rate. D) the inflation rate.
The demand for cars in a certain country is given by: D = 20,000 - P, where P is the price of a car. Supply by domestic car producers is: S = 5,000 + 0.5P. Suppose the economy is closed. The equilibrium price of a car is ________ and equilibrium quantity is ________.
A. $8,000; 12,000 B. $12,000; 8,000 C. $6,000; 14,000 D. $10,000; 10,000
In economics, money is
A. another term for income. B. a financial instrument backed by some precious metal such as gold or silver. C. whatever the government defines it to be. D. anything that people generally accept in exchange for goods and services.