According to the text, the current trend regarding unions is that
a. they are experiencing a renewed sense of power.
b. U.S. membership is generally declining.
c. they have lessening significance for the management of multinational corporations.
d. they are maintaining an adversarial position to try to hold onto their membership.
e. corruption and scandal will continue to taint their existence.
Ans: b. U.S. membership is generally declining.
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The tax cut of 2001 turned out to be well-timed because it caused a
a. rightward shift of the aggregate demand curve. b. rightward shift of the aggregate supply curve. c. leftward shift of the aggregate demand curve. d. leftward shift of the aggregate supply curve.
Which of the following weakened the demand stimulus effects of the fed's low interest rate policy during the years following the 2008-2009 recession?
a. Rising stock prices in response to the low-interest rate policy. b. The lower cost of borrowing to undertake business investment. c. An increase in the velocity of money. d. A reduction in earnings of senior citizens and others from money market accounts, saving deposits, and similar forms of savings.