Which statement is true?
A. There were more strikes in 1946 than in any other year.
B. The Taft-Hartley Act has greatly benefited labor unions.
C. Most labor leaders opposed the National Labor Relations Act.
D. The Taft-Hartley Act has never been invoked by the president.
A. There were more strikes in 1946 than in any other year.
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If the nominal interest rate falls, everything else remaining unchanged, ________
A) the real interest rate will rise B) the inflation rate will decrease C) the real interest rate will remain unchanged D) the real interest rate will fall
A major difference between a single-price monopolist and a perfectly competitive firm is that the
A) monopolist can maximize profit by setting the price of the output where demand is inelastic. B) monopolist can always increase its profits by increasing the price of its output. C) monopolist's marginal revenue is less than price. D) monopolist is guaranteed to earn an economic profit.
Refer to Table 7.1. In this simple economy, M2 equals
A) $4,800. B) $6,400. C) $9,200. D) $16,800.
Prior to 1921, federal agencies first submitted their budgetary requests to _____
a. the President b. the Speaker of the House c. the Congressional Budget Office d. the Treasury Department