A strike, or the threat of one, is most likely to be effective when
a. demand for the firm's product is strong.
b. foreign competition for the product is high.
c. the firm has a high product inventory.
d. demand for the product produced by the union workers is highly elastic.
A
Economics
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Other things equal, the level of real GDP will tend to increase in the short run:
a. if reserve requirements are decreased b. if the Fed decreases the interest rate it pays on bank reserves c. if there is an open market purchase by the Fed. d. all of the above
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A bank's balance sheet can show a negative net worth and yet its income statement can show a profit for the year
a. True b. False
Economics