The earliest unions in the United States were

An increase in government purchases of $200 billion will shift the aggregate demand curve to the right by

A) less than $200 billion. B) more than $200 billion. C) $200 billion. D) None of the above are correct. This policy shifts the long-run aggregate supply curve.

A payment over and above that necessary to call forth a resource is called

a. profit b. rent c. taxes d. salary e. welfare