The first major piece of prolabor legislation was the
a. Wagner Act
b. Norris-LaGuardia Act
c. Landrum-Griffin Act
d. Civil Rights Act
e. Taft-Hartley Act
B
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Which of the following accurately describes growth rates in the United States from 1900 to the present?
A) Growth rates have risen continuously from 1900 to the present. B) Growth rates rose until the 1970s, slowed until the 1990s, rose again until 2005, and then slowed again to the present. C) Growth rates rose until the 1970s and then fell until the present. D) Growth rates have fallen continuously from 1900 to the present.
The ________ measure of money contains items that are not direct media of exchange, such as ________
A) M1, checkable deposits B) M1, savings certificates C) M2, checkable deposits D) M2, savings certificates
With the Bretton Woods system of international exchange rates
A) the value of a country's currency was determined strictly by the laws of supply and demand. B) the value of a country's currency was determined by its stock of gold. C) there were fixed exchange rates, and most countries were obligated to intervene to maintain the values of their currencies within 1 percent of par value. D) a nation's balance of payments was eliminated.
Economists make a distinction between changes in quantity demanded and changes in demand:
A. Because the supply curve shifts whenever there is a change in demand. B. Because the demand curve shifts whenever there is a change in quantity demanded. C. To distinguish a movement along a demand curve from a shift of the demand curve. D. To distinguish a surplus from a shortage.