Today, about ________ of U.S. workers have their wages set by collective bargaining agreements

When the growth rates of actual and potential GDP diverge, they usually diverge because

a. actual GDP growth equals potential GDP growth. b. actual GDP growth falls below potential GDP growth. c. potential GDP growth rates fall below actual GDP growth rates. d. potential GDP growth rates fluctuate while actual GDP growth rates remain stable.

A good with an income elasticity of 2.3 is:

A. a luxury. B. inferior. C. a necessity. D. a complement.