Economists who focus on fiscal austerity focus on the short-run.
Answer the following statement true (T) or false (F)
False
Economists who focus on fiscal austerity focus on the long-run stability of the economy and argue for lower deficits.
Economics
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Labor unions may attempt to raise wage rates by:
A. increasing the supply of labor. B. forcing employers, under the threat of a strike, to pay above-equilibrium wage rates. C. decreasing the demand for labor. D. increasing the price of complementary resources.
Economics
If there are two firms in an industry and each has 50 percent market share, then the Herfindahl-Hirschman Index equals
A. 2,500. B. 2,800. C. 5,000. D. 6,600.
Economics