All of the following are true regarding the current status of labor unions EXCEPT
A) organized labor's heyday occurred from the 1940s through the 1970s.
B) part of the explanation for the decline in union membership has to do with the shift away from manufacturing.
C) the deregulation of certain industries has also contributed to a decline in unionism.
D) recent labor laws have diminished worker's rights.
Answer: D
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The slope of the total revenue curve for a perfectly competitive firm equals
a. marginal revenue, which is less than price b. marginal revenue, which is greater than price c. marginal revenue, which is equal to price d. average revenue, which is less than price e. average revenue, which is greater than price
A reduction in the required reserve ratio has the instant effect of:
a. Increasing excess reserves. b. Increasing bank shareholders' equity. c. Increasing bank reserves. d. All of the above are correct. e. None of the above is correct.