If expected inflation declines by 2%, what should happen to nominal interest rates according to the Fisher effect?

Which of the following best describes typical employer attitudes toward organized labor (unions) during the 19th century?

(a) Positive—unions could promote cooperation with management to achieve more efficient operations (b) Negative—union-promoted labor gains seized profits and encouraged inefficient behavior (c) Indifferent—unions had little impact on business profitability (d) Mixed—about half of employers favored unions and half opposed them

There is much world concern over the deteriorating condition of the Pyramids and other historical structures in Egypt. While people of all nations enjoy visiting these structures, there has been little financial support for preservation coming from within Egypt or from elsewhere. Economists would describe this as an example of

a. an externality. b. a public good. c. a free rider problem. d. imperfect information.