What are the three noteworthy labor market trends that Americans have experienced for about two decades?
What will be an ideal response?
For about two decades, Americans have experienced three noteworthy trends:(a) a decline in union membership of more than 30 percent,(b) a steady fall in real wages partly offset by rising fringe benefits, and(c) a rise in the income gap between well-paid and poorly paid workers.
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If there is an exogenous increase in investment spending, Monetarists argue that there would be little or no effect on real output because the interest rate would __________,
investment would __________, saving would __________, and consumption would __________. A) decline; increase; increase; decrease B) decline; increase; decrease; increase C) rise; decrease; decrease; increase D) rise; decrease; increase; decrease
If a hurricane were to wipe out the majority of the eastern seaboard in the United States:
A. neither the short-run nor long-run aggregate supply curves would be affected. B. only the long-run aggregate supply curve would shift left. C. only the short-run aggregate supply curve would shift left. D. the long-run and short-run aggregate supply curves would both shift left.