In Figure 45.5, where one union is bargaining against one employer, the highest possible negotiated wage paid to workers will be Figure 45.5 

A weakening in consumer confidence causes a

A) shift of the aggregate demand curve to the right. B) movement down along the aggregate demand curve. C) shift of the aggregate demand curve to the left. D) movement up along the aggregate demand curve.

George believes that the inflation in this year will be around 9% because it was around 9% in the previous year. George can be said to have:

A) rational expectations. B) marginal expectations. C) adaptive expectations. D) composite expectations.