Collective bargaining
A) has nothing to do with fringe benefits.
B) is bargaining between unions and management.
C) is illegal in many states.
D) is practiced in non-union related disputes.
B
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Suppose an economy experiences a permanent increase in its expected inflation rate. As a result, there is
A) a downward shift of the short-run Phillips curve. B) a downward movement along the short-run Phillips curve. C) an upward movement along the short-run Phillips curve. D) no change at all to the short-run Phillips curve. E) an upward shift of the short-run Phillips curve.
Which of the following best illustrates the medium of exchange function of money?
A) The price of a new car is $25,000. B) A penny saved is a penny earned. C) A person owes $10,000 on his or her credit card. D) You pay $3 to purchase a bag of apples.
The Paris Bataclan massacre by Al-Qaeda, which struck a French target that was lightly defended, was an example of the "rational terrorist's"
A. compression effect. B. marginalist technique. C. substitution effect. D. diversion technique.
The ________ effect refers to the change in quantity demanded for a good that results from the effect of a change in the good's price on consumer's purchasing power
A) ceteris paribus B) population C) substitution D) income