An employer's right to hire whomever he or she wants is safeguarded in a union shop

The more that firms in an economy believe that the demand for their goods is mainly influenced by "local conditions" and not the aggregate level of demand, the ________ is the SAS curve and thus the ________ are cycles in real GDP

A) steeper, larger B) steeper, smaller C) flatter, larger D) flatter, smaller

In a two-period model, holding everything else constant, an increase in current taxes

A) unambiguously increases the current account surplus. B) unambiguously decreases the current account surplus. C) has an uncertain effect on the current account surplus. D) has no effect on the current account surplus, as long as Ricardian equivalence holds.