The unionized percentage of the labor force in the United States has been increasing steadily since the 1950s.
Answer the following statement true (T) or false (F)
False
The unionization rate has been in steady decline for more than 40 years. The current unionization rate of 12.4 percent is less than half of its post-World War II peak.
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In the Keynesian model, suppose the Fed sets a target for the real interest rate. If the IS curve shifts to the left, and the Fed wants to keep output unchanged
A) taxes will increase. B) the money supply will decline. C) the real interest rate will decrease. D) taxes will decrease.
In implementing the Marshall Plan (1948–51),
(a) the United States discouraged European countries from cooperating among themselves to increase trade, as it was felt that economic recovery would be better achieved through competition. (b) the United States, in order to offset the large capital outflow caused by loans and grants made abroad, tried to maintain a balance of payments surplus. (c) the United States offered financial aid to many of the economies in Western Europe devastated by World War II. (d) the U.S. dollar was devalued 30% against other world currencies.
Established in 1862, the Department of Agriculture's functions during the 19th and early 20th century included all of the following except
a. research and experimentation on plant and animal breeding. b. regulation of agricultural prices and output. c. distribution of information through publications and experiment stations. d. regulation of quality through inspection of meat and dairy products.
The U.S. federal government is unlikely to default on its bond payments because:
A. if necessary, it can print the money needed to make payments on time. B. its bond payments are insured. C. the U.S. federal budget usually runs a surplus, providing ample funds for repaying debt. D. of all of these.