Workers in the United States were granted the legal right to engage in collective bargaining by the
A) National Labor Relations Act.
B) Taft-Hartley Act.
C) Landrum-Griffin Act.
D) Knights of Labor Act.
Answer: A
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One of the reasons the velocity of M1 has risen over the long-run is
A) increased economic uncertainty. B) growth in the money supply. C) new techniques of cash management by corporate treasurers. D) an increase in the demand for money.
____________ occurs when a person is so heavily involved in one domain (work or family) and may not be psychologically or physically available for the other
a. Involvement balance b. Spillover c. Dominance d. Assimilation
Comparing the core inflation rate to the Consumer Price Index, the core inflation rate
A) controls for the biases of the CPI. B) uses current period quantities, not base period quantities. C) measures all goods produced, not just consumer goods. D) includes volatile elements not in the CPI. E) excludes the volatile elements of the CPI.
Perfectly competitive markets are characterized by each of the following except
A. substantial barriers to entry and exit. B. many small potential buyers. C. many small potential sellers. D. identical products.