The airline pilots' union and the National Education Association are examples of ______ unions.

Refer to Table 3-3. The table above shows the demand schedules for Kona coffee of two individuals (Luke and Ravi) and the rest of the market. At a price of $4, the quantity demanded in the market would be

A) 40 lbs. B) 70 lbs. C) 110 lbs. D) 150 lbs.

The idea that a decrease in the price level raises the real value of households' money holdings, which increases consumer spending and the quantity of goods and services demanded is known as

a. the interest-rate effect. b. the exchange-rate effect. c. the theory of liquidity preference. d. the wealth effect.