Most collective bargaining situations lead to strikes
a. True
b. False
Indicate whether the statement is true or false
False
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Union contracts that have built-in cost-of-living adjustments and home mortgages that vary with the rate of inflation are
a. inappropriate ways of combating inflation b. examples of bracket creep c. means of implementing fiscal policy d. examples of steps that can be taken to decrease the adverse impacts of inflation e. examples of failed discarded policies of the 1970s
The quantity demanded of money falls as the
A) interest rate falls. B) interest rate rises. C) supply of money rises. D) none of the above, since the quantity demanded of money is unrelated to the interest rate
Evidence suggests that the depth and speed of reforms did not matter for the success of transition in the formerly socialist countries.
Answer the following statement true (T) or false (F)
Assume that the MPC is 0.8. If government purchases increase by $500, equilibrium output ________; and if taxes increase by $500, equilibrium output ________.
A. increases by $1,600; decreases by $1,200 B. increases by $2,500; decreases by $2,000 C. increases by $4,000; decreases by $3,000 D. increases by $2,000; decreases by $1,000