Suppose that the labor movement has a revival in the United States and the majority of workers join labor unions. As a result we would expect
A) the unemployment rate to fall.
B) the unemployment rate to rise.
C) no change in the unemployment rate, but a decrease in the natural rate of unemployment.
D) an increase in the unemployment rate, but a decrease in the natural rate of unemployment.
B
Economics
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Some people assert that protection from foreign competition prevents rich countries from exploiting developing countries. What is this argument in more detail and what is its flaw?
What will be an ideal response?
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Stagflation can be defined as a situation characterized by
a. rising prices and rising output. b. rising prices and falling output. c. falling prices and falling output. d. falling prices and rising output.
Economics