Supposed you are hired to be a checker at a local grocery store. After ninety days of probation you become a member of the union. As a result you feel more secure about your job and work harder to be part of the team
This is a benefit of union membership that A) increases demand for union-made goods.
B) decreases the demand for nonunion-made goods.
C) increases worker productivity of union members.
D) increases union dues.
C
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Which of the following is given in the video as an example of a negative real shock to the economy?
A. A technological advance that increases investment B. A rapid rise in the price of oil C. A decrease in consumer confidence D. A stretch of very bad weather
The data in the above table indicate that when the price level is 120
A) firms have unexpectedly low inventories, so prices will rise. B) inventories are at levels planned by firms. C) firms will plan to increase the level of output. D) firms have unexpectedly high inventories, so prices fall.