A labor union that consists of workers from a particular industry is a(n)
A) closed shop.
B) industrial union.
C) union shop.
D) bilateral monopoly.
B
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With a large and growing deficit, the Fed may face pressure from the government to
A) decrease the inflation tax. B) decrease the quantity of money to keep the value of money high. C) keep interest rates low, but the Fed risks inflation by doing so. D) increase the velocity of circulation. E) increase the quantity of money to prevent inflation.
The net result of deflation is to:
A. decrease consumption and investment, decreasing aggregate demand. B. decrease consumption and increase investment, decreasing aggregate demand overall. C. increase consumption and investment, increasing aggregate demand. D. increase consumption and decrease investment, increasing aggregate demand overall.