Refer to Figure 14.3. To maximize economic rent, the labor union will agree to wage rate:

Any pro-growth policy that increases investment requires

a. an eventual increase in GDP b. increased production of consumption goods c. decreased production of capital goods d. a sacrifice of current consumption spending e. reduced government spending

The monetary expansion of the mid-1990s was expected to lead to a currency appreciation

a. True b. False Indicate whether the statement is true or false