By the 1840s,
(a) labor had achieved political power in the franchise, i.e., the right to vote.
(b) unions per se were not considered by law to be conspiracies and therefore illegal.
(c) peaceful picketing of businesses during strikes was considered to be legal.
(d) all of the above were true.
(d)
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The 2001 recession was caused principally by
A) a slowing in the growth of the money supply. B) a drop in autonomous consumption spending. C) a decrease in government spending. D) a drop in real business investment.
Which of the following statements accurately characterizes the effects of minimum-wage laws?
a. Some workers who might have been employed at a lower wage become unemployed. b. Those workers who remain employed benefit from a higher wage. c. The effects of minimum-wage laws depend strongly on the elasticity of demand. d. All of the above accurately characterize the effects of minimum-wage laws.
Which of the following can be called a "crowding-out" effect?
A. Government borrowing crowds out private saving. B. Exports crowd out government borrowing. C. Government borrowing crowds out private investment. D. Private consumption crowds out private investment.
Should the government wish to lower the price of gasoline to the consumer, one approach might be
A) to raise the gasoline excise tax. B) to reduce the gasoline excise tax. C) to take action to shift the supply curve of gasoline to the left. D) to lower taxes on automobiles.