The setting of minimum wages in the U.S. began with the ________
A) Sherman Anti-Trust Act of 1890
B) Garn St. Germain Act of 1982
C) Depository Institutions Deregulation and Monetary Control Act of 1980
D) Fair Labor Standards Act of 1938
D
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A university's basketball gymnasium is never more than half-full during basketball games. This implies a. the ticket price is above the equilibrium price. b. the ticket price is below the equilibrium price. c. the ticket price is at the equilibrium price
d. nothing about the equilibrium price.
Which of the following correctly states the relationship between GDP and GNP for the U.S.?
a. GDP equals GNP minus the net income of foreigners. b. GDP equals GNP plus the net income of foreigners. c. GDP equals GNP minus indirect business taxes. d. GDP equals GNP.
If a country's rules-based monetary policy sets the annual money supply growth rate equal to the average annual growth rate of Real GDP, and velocity is a constant, then the price level
A) is also constant. B) rises in years when Real GDP rises. C) rises in years when Real GDP growth is less than average. D) rises in years when Real GDP growth is greater than average.
All of the following would cause the investment function relating investment to the interest rate to shift EXCEPT
A. a change in productive technology. B. a change in producer expectations of future profit. C. a change in planned capital goods expenditure. D. a change in the real interest rate.