The main source of conflict between employers and their organized workers is over the
(a) disparities in the wages and benefits between organized and unorganized labor.
(b) disparities in the wages and benefits between employers and organized workers.
(c) proceeds of selling goods and services made jointly between hired labor and
business owners.
(d) working conditions.
(c)
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If there is a negative externality, and the market output is 100 units more than the socially optimal output, then it follows that
A. the external costs associated with the negative externality are greater than the marginal private costs. B. the external costs associated with the negative externality are less than the marginal private costs. C. there is market failure. D. any tax imposed on the production of the output will bring about the socially optimal output. E. none of the above
Suppose that a change in the fiscal/monetary policy mix shifts the IS and LM curves downward by exactly the same amount. The ________ in national saving is accompanied by ________ domestic investment due to the ________ in the interest rate
A) fall, equally lower, lower B) fall, unchanged, unchanged C) rise, unchanged, unchanged D) rise, equally higher, lower E) rise, equally lower, higher
Monetary policy is determined by
a. the president and Congress and involves changing government spending and taxation. b. the president and Congress and involves changing the money supply. c. the Federal Reserve and involves changing government spending and taxation. d. the Federal Reserve and involves changing the money supply.
The pitfalls of a strict money supply rule can be avoided if the Fed:
A. targets velocity growth. B. targets nominal GDP growth. C. targets money supply growth. D. targets real GDP growth.