The leadership of unions must recognize that they face
A) an economic system that is hostile to the interests of workers.
B) a no-win situation whenever they think a strike is necessary.
C) a fundamental trade-off between higher wages for members and higher taxes for members.
D) a fundamental trade-off between higher wages for members and fewer jobs for members.
D
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Which of the following is an example of a monetary policy?
A) The federal government increases income tax rates on people earning more than $250,000. B) The duration of unemployment benefits is extended to 99 weeks. C) The Federal Reserve increases interest rates. D) Congress authorizes a cut in spending on education.
During a sustained economic expansion,
a. the rate of unemployment will generally fall and the employment/population ratio will generally rise. b. the rate of unemployment will generally rise and the employment/population ratio will generally fall. c. both the rate of unemployment and the employment/population ratio will generally decline. d. both the rate of unemployment and the employment/population ratio will generally rise.