Research indicates that on average, state government unions have
A) raised wages to 20 percent above nonunionized government workers.
B) raised wages 25 to 30 percent above nonunionized private-sector and government workers.
C) raised wages about 100 percent above similar workers in the nonunion private sector.
D) have not significantly raised wages above similar workers in the nonunion sector.
A
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When a monopolistically competitive firm raises its price,
a. quantity demanded falls to zero. b. quantity demanded declines but not to zero. c. the market supply curve shifts outward. d. quantity demanded remains constant.
According the traditional Keynesian approach, an increase in government spending is effective in raising real Gross Domestic Product (GDP) if
A. Ricardian equivalence occurs, regardless of the price level. B. the price level is flexible. C. the price level does not exist. D. the price level is fixed.