An industrial union is a union
a. organized on the basis of the workers' industry
b. organized on the basis of workers' skills
c. organized by an employer
d. whose primary goal is to oppose technological advance and to protect the traditional method of working
e. consisting of all workers in an industrial economy
A
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Beef and leather belts are complements in production. If people's concern about health shifts the demand curve for beef leftward, the result in the market for leather belts will be a
A) lower equilibrium price for a leather belt because there is an increase in the supply of leather belts. B) lower equilibrium price for a leather belt because there is a decrease in the supply of leather belts. C) higher equilibrium price for a leather belt because there is a decrease in the supply of leather belts. D) higher equilibrium price for a leather belt because there is an increase in the supply of leather belts.
Why is a period of stagflation part of the normal aftermath of a period of excessive aggregate demand?