Negotiation between a labor union and the firm that employs unionized workers is called
a. collective bargaining
b. a strike
c. return to monopsony power
d. a labor dispute
e. marginal revenue product of labor
A
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Suppose a tax on buyers has been imposed in the graph shown. The amount of deadweight loss generated by this tax is:
A. $0.
B. $18.
C. $36.
D. $72.
Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as 
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
YearCPI2010952011100201210520131042014106According to the table shown, what happened to the cost of living from 2013 to 2014? The cost of living:
A. increased; consumers became better off than they would have been if the price level had not changed. B. increased; consumers became worse off than they would have been if the price level had not changed. C. decreased; consumers became better off than they would have been if the price level had not changed. D. decreased; consumers became worse off than they would have been if the price level had not changed.
In the circular flow model, profits are considered to be
A. a form of interest payment. B. a cost of doing business. C. equal to zero, or else the circular flow would be out of balance. D. a subtraction from the Gross Domestic Product (GDP).