Which of the following union tactics, if successful, would increase wages and create a surplus of labor?
a. collective bargaining to fix the wage above the competitive level
b. decreasing the marginal revenue product of the union workers
c. increasing the demand for union-made products
d. restricting the supply of nonunion products that compete with union-made products
e. increasing labor productivity by minimizing conflicts and resolving differences between labor and management
A
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When compared to national defense expenditures, human resources expenditures _____
a. declined substantially during the 1980s b. have remain stable since the 1950s c. are a smaller percentage of GDP d. have increased substantially since the mid 1960s
If MPC = 0.9, equilibrium real GDP is $1,000 . and full-employment real GDP is $2,000 . then how much should government spending change to bring about full employment?
a. +1,000. b. ?100. c. +900. d. +100. e. ?0.9.