Suppose the economy is producing at the natural rate of output. An increase in consumer and business confidence will cause ________ in real GDP in the short run and ________ in inflation in the short run, everything else held constant
A) an increase; an increase
B) a decrease; a decrease
C) no change; an increase
D) no change; a decrease
A
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The infant-industry argument is the only perfectly valid argument for protection
Indicate whether the statement is true or false
Which of the following statements is false?
A. The Treasury bond information published under the column heading "Yield" is based on the ask price of the bond. B. The Treasury bond information published under the column heading "Yield" is based on the assumption that the bond is held to maturity. C. The Treasury bond information published under the column heading "Bid" indicates the price a buyer will pay if he buys the bond. D. The Treasury bond information published under the column heading "Bid" is the price a buyer will receive if she sells the bond.
Unions have been protected since 1935 by a federal law, the National Labor Relations Act (NLRA), which contains provisions for
(a) elections by workers to choose their bargaining agents. (b) employers' recognition of union bargaining agents in interstate commerce for union representation and collective bargaining purposes. (c) arbitration of disputes that cannot be resolved through bargaining. (d) all of the above.
If helen can paint one room in the time it takes her to bake 40 cakes and josh can paint one room in the time it takes him to bake 60 cakes, josh's opportunity cost of baking one cake is
a. ?painting one room. b. ?painting 1/40 of a room. c. ?painting 1/60 of a room. d. ?painting 2/3 of a room. e. ?painting 3/2 of a room.