Industrial unions offer membership to all workers in a specific industry
Indicate whether the statement is true or false
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When budget deficits during recessions are covered by budget surpluses during expansions, it is called: a. an annually balanced budget. b. a cyclically balanced budget. c. crowding out
d. crowding in. e. a biennial balanced budget.
If the Fed wants to lower the interest rate, it will
a. buy bonds and decrease the money supply. b. buy bonds and increase the money supply. c. sell bonds and decrease the money supply. d. sell bonds and increase the money supply. e. sell bonds and decrease money demand.
The Bureau of Labor Statistics' U-1 measure of joblessness includes only very long-term unemployed
a. True b. False Indicate whether the statement is true or false
Within an occupation, when a given job provides steadier work (fewer layoffs), the hourly wage tends to be
a. no different from wage rates in jobs that are otherwise similar. b. lower than wage rates in jobs that are otherwise similar. c. higher than wage rates in jobs that are otherwise similar. d. determined by factors other than supply and demand.