The job of the labor ________ is to impose a settlement on labor and management; the job of the labor _______ is to work as a go-between, or expeditor.

Fill in the blank(s) with the appropriate word(s).


arbitrator; mediator

Economics

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When output exceeds planned expenditures, there is insufficient production in the economy

Indicate whether the statement is true or false

Economics

Which of the following is the latest short run operating target specified to the New York Fed by the FOMC directives?

a. The federal funds rate b. The primary lending rate c. Quantitative easing d. Legal reserves e. The bank rate

Economics

What is the post-tax equilibrium quantity in this market?

A. between 70 units and 100 units B. less than 70 units C. greater than 100 units D. 70 units

Economics

The typical average variable cost curve:

A. rises and then falls sharply. B. slopes up and to the right. C. slopes down and to the right. D. is U-shaped.

Economics