Characterize the following events as being prounion or antiunion: the Taft-Hartley Act, the Wagner Act, the Landrum-Griffin Act, the National Labor Relations Board, the Norris-LaGuardia Act, the PATCO incident in the 1980s, and NAFTA
Taft-Hartley (anti); Wagner (pro); Landrum-Griffin (anti); NLRB (pro); Norris-LaGuardia (pro); PATCO
(anti); NAFTA (anti).
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For this question, assume that the economy is initially operating at the natural level of output. An increase in consumer confidence will cause
A) a reduction in the real wage in the medium run. B) an increase in the real wage in the medium run. C) no change in the real wage in the medium run. D) ambiguous effects on the real wage in the medium run.
If advertising makes a firm's demand curve more inelastic, it is probably because
a. the advertising backfired b. the goods advertised are no longer differentiated c. competitors raised their prices in response to the firm's advertising d. brand loyalty to the firm's good increased e. quality changes make the good more attractive