Suppose the federal government allows labor unions to act as the sole seller in labor markets, but the government collects an annual $10,000,000 "administrative fee" from each union in this situation
Assuming this fee is not so large that it forces the unions to disband, what is the impact of this fee on the equilibrium wage and employment level in the monopolized labor market? A) Wages and employment decline.
B) Wages increase and employment declines.
C) Employment increases and wages decline.
D) No change in wages or employment levels.
D
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Rising inflation is the pressing concern of the government of Greatland. Suggest a suitable monetary policy that the Central Bank should adopt to lower the rate of inflation
What will be an ideal response?
The two kinds of yields used in the Treasury bill market are the
A) coupon equivalent yield and yield on a discount basis. B) face yield and discount yield. C) nominal yield and real yield. D) yield to maturity and coupon equivalent yield.