When union members of Local 654 arrived at work today, they found a sign on the door stating that the business had closed temporarily and the employees were not allowed to work. This is a pressure strategy known as a(n)
A. injunction.
B. lockout.
C. boycott.
D. strike vote.
B. lockout.
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Starting from long-run equilibrium, a large tax cut will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; higher; higher B. expansionary; higher; potential C. recessionary; higher; potential D. recessionary; lower; lower
If this year's price level is 126 and last year's price level was 120, the inflation rate is ________
A) 0.95 percent a year B) 5 percent a year C) 6 percent a year D) 1.05 percent a year
Which of the following is the best example of "what goods and services should be produced?"
a. the leasing versus the purchasing of new capital equipment b. the manufacturing of computer workstations in China or in India c. the production of SUVs versus the production of sub-compact cars d. the use of a capital intensive versus a labor intensive process of manufacturing textiles
Which of the following statements is true?
A. The national debt is the current year's amount by which the government is spending more than it collects as taxes. B. Deficits are financed by the government issuing for sale more government securities. C. The debt ceiling refers to the amount of debt at which the government is officially declared as being bankrupt. D. Internal national debt is the portion of the national debt owed to foreigners.