After the Taft-Hartley Act was enacted, unions ______.
a. were more powerful than ever
b. had some powers restricted
c. called for an 80-day cooling off period
d. were less subject to oversight
b. had some powers restricted
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The inflation rate is defined as the
a. price level in an economy. b. change in the price level from one period to the next. c. percentage change in the price level from the previous period. d. price level minus the price level from the previous period.
If a country has a balance of payments deficit and wishes to maintain the fixed value of its currency, it will generally
A. sell its own currency for foreign currencies. B. buy its own currency with foreign reserves. C. decrease taxes to increase domestic disposable income. D. increase the money supply to keep interest rates down.