During what period did the greatest violence between organized labor and companies occur?
a. 1800-1820.
b. 1860-1870.
c. 1875-1895.
d. 1910-1930.
c. 1875-
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Think of the interest rate as the "price" of a home loan. Other things constant, if people expect interest rates to rise significantly over the next couple months, their willingness to purchase a home financed by a mortgage today will tend to
A) rise. B) fall. C) remain unchanged. D) do any of the above because home purchase decisions are independent of interest rates on mortgages.
The quantity of money people want to hold increases if
A) the price level falls. B) the nominal interest rate rises. C) real GDP increases. D) All of the above answers are correct.
The country of Sylvania has a GDP of $900, investment of $200, government purchases of $200, and net capital outflow of -$100 . What is consumption?
a. $700 b. $600 c. $500 d. $300
The short-run labor demand curve is:
A. more elastic than the long-run labor demand curve. B. less elastic than the long-run labor demand curve. C. either more or less elastic than the long-run labor demand curve. D. perfectly elastic (horizontal).