When unions successfully raise wage rates,
a. the employer must cut benefits
b. fewer workers may be employed
c. there is decreasing pressure for workers to join the market
d. a strike occurs
e. the monopsony keeps the same return to monopsony power
B
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Investment decreases by $300 billion, government expenditure is unchanged, and exports increase by $500 billion. As a result, autonomous expenditure ________, the total expenditure ________, and equilibrium real GDP ________
A) increases by $800 billion; increases; increases by more than $800 billion B) increases by $200 billion; increases; increases by more than $200 billion C) decreases by $300 billion; decreases; decreases by more than $300 billion D) is unchanged; is unchanged; is unchanged E) increases by $500 billion; is unchanged; increases by more than $500 billion
A depository institution creates liquidity and pools risk
Indicate whether the statement is true or false
As compared to a firm that competes for labor, a monopsony will:
a. hire fewer workers and pay lower wages. b. hire fewer workers by pay higher wages. c. pay lower wages but hire more workers. d. pay higher wages and hire more workers.
The prisoner's dilemma:
A. can involve two players. B. can be summarized in a payoff matrix. C. leads to a less-than-ideal outcome for all players. D. All of these statements are true.