If a union can successfully shift the demand curve for union labor rightward, the union can achieve
A) an increase in wages and employment.
B) an increase in wages but a decrease in employment.
C) an increase in employment but a decrease in wages.
D) a decrease in both employment and wages.
A
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If bond prices decrease, then the
A. transactions demand for money will decrease. B. interest rate increases. C. interest rate decreases. D. transactions demand for money will increase.
As real GDP ________, aggregate planned expenditure ________
A) decreases; remains the same, because it is independent from real GDP B) increases; remains the same, because the increase in some components is precisely offset by the decrease in others C) increases; decreases D) decreases; increases E) increases; increases
The theory by which people optimally use all available information when forecasting the future is known as
a. rational expectations. b. perfect expectations. c. credible expectations. d. predictive expectations.
An individual voter will likely be concerned with
A) the views of a particular political candidate on all issues. B) only a few special issues (those that exert the most impact on the voter's personal welfare). C) most issues since information on nearly all issues is available at a low cost on the Internet. D) most issues because they have some impact, however slight, on each citizen.