The extra pay people earn in exchange for undertaking risky or otherwise undesirable work is called
A) a compensating differential.
B) arbitrage income.
C) overtime pay.
D) a fringe benefit.
A
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The Pullman strike of 1894
a. resulted in management's agreement to negotiate with the labor union. b. received widespread support from the American public. c. was led by Eugene V. Debs. d. became a model for later attempts by unions peacefully organize. e. All of the above.
Changes in government spending and/or taxes as the result of legislation is called:
a. open market operations of the Federal Reserve. b. discretionary fiscal policy. c. balanced budget operations. d. discretionary monetary policy.
There is some evidence that if inflation can be held to moderate levels of less than what percentage per year, it need not prevent a nation’s real economy from growing at a healthy pace?
a. 2% b. 3% c. 4% d. 5%
Explain why there were so many bank failures in the 1980s and 1990s