The National Labor Relations Act (Wagner Act)
A) prohibited the creation of company unions.
B) guaranteed workers the right to organize.
C) set the minimum wage at $5.15 an hour.
D) set the length of the workweek at 40 hours.
Answer: B
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Inflation that is caused by an increase in aggregate demand without any change in aggregate supply is called
A) demand-push inflation. B) cost-pull inflation. C) cost-push inflation. D) demand-pull inflation.
If your disposable personal income increases from $30,000 to $40,000 and your savings increases from $2,000 to $4,000 . your marginal propensity to save (MPS) is:
a. 0.2. b. 0.4. c. 0.5. d. 0.8. e. 1.0.
The competition experiment conducted by economists Muriel Niederle and Lise Vesterlund was consistent with the results of Terry Odean which were that
a. men were better at math than women. b. men chose competition more because they were better at sports than women. c. men trade stocks excessively while women adopt a buy-and-hold strategy. d. streetcar companies were not in favor of segregation because it hurt their profits.
The idea that expansionary fiscal policy has a positive affect on investment is known as
a. monetary policy. b. crowding out. c. the investment accelerator. d. the multiplier.