According to Samuel Gompers, the founder of the AFL,
A. unions should attempt to organize all workers.
B. labor should form a political party and run candidates for public office.
C. labor should seek government intervention in the labor-management relationship.
D. labor should concentrate on bread-and-butter issues.
D. labor should concentrate on bread-and-butter issues.
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Contractionary fiscal policy is enacted when the overall effect of decisions about taxation and spending is to:
A. reduce aggregate demand. B. increase aggregate demand. C. reduce aggregate supply. D. increase aggregate supply.
Which of the following questions would not be of particular interest to a microeconomist?
a. Why do national economies grow? b. What percentage of consumer income is spent on entertainment? c. Why do workers prefer the 4-day workweek? d. What happens to worker productivity when the job shifts to a 4-day workweek? e. How is the electric industry harmed by the passage of new clean air legislation?
If Thailand fixes the foreign exchange value of its currency and follows a highly expansionary monetary policy,
a. Thailand will be unable to maintain both the fixed-exchange rate and the full convertibility of its currency b. Thailand will experience rapid economic growth. c. it will be easier for Thailand to engage in international trade. d. Thailand will have relatively low rates of inflation.
If a sizable number of workers were switched from full-time to half-time employment, then the official unemployment rate would:
A. rise. B. fall. C. remain unchanged. D. react unpredictably.