To analyze policy options, economists are forced to deal with:
a. politicians
b. business people
c. rotating statistical values
d. things that have not occurred
e. None of these is correct.
d
Economics
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The attempt to force employers to use more labor than they otherwise would, or to force employers to use labor inefficiently, is known as
A) a secondary boycott. B) a sympathy strike. C) a monopsony. D) featherbedding.
Economics
If the expected inflation rate is unchanged, a rise in the natural rate of unemployment would
A. not shift either the short-run or long-run Phillips curves. B. shift both the short-run and long-run Phillips curves to the left. C. shift both the short-run and long-run Phillips curves to the right. D. shift the short-run Phillips curve to the left and shift the long-run Phillips curve to the right.
Economics