In the United States the difference between union and non-union wages
A) does not exist.
B) currently averages about more than 100 percent.
C) has been narrowing.
D) tends to fall during a recession because union members typically have shorter-term contracts than do nonunion employees.
Answer: C
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If government spending and the price level increase, then
A) the interest rate decreases, consumption increases, and investment spending increases. B) the interest rate decreases, consumption declines, and investment spending declines. C) the interest rate increases, consumption declines, and investment spending declines. D) the interest rate increases, consumption increases, and investment spending increases.
Externalities affect only the buyer and seller involved in an exchange
a. True b. False Indicate whether the statement is true or false