The approach by which a labor union tries to negotiate an industry-wide wage for different classes of labor is called:
a. inclusive or industrial.
b. mediation.
c. arbitration.
d. strike.
a
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The National Banking Acts of 1863 and 1864 attempted to make the national banking system seem stronger than the state banking system by all of the following EXCEPT:
(a) Imposing legal reserve requirements on national banks (b) Providing depository insurance (c) Linking the capital requirements of national banks to the size of the cities in which they were located (d) Making national bank notes legal tender
Which of the following will most likely occur during the recessionary phase of a business cycle?
a. Real GDP rises, and the unemployment rate falls. b. Real GDP declines, and the rate of inflation rises. c. The sales of most businesses decline, and the unemployment rate rises. d. Inflation rises, and employment/population ratio falls.