The objections to the Walsh-Healy Act of 1936, which mandated "prevailing wages" in government employment,
(a) concerned the tendency of government wages to undercut those of the private sector.
(b) came from the labor unions.
(c) held that unemployment would be maintained artificially high.
(d) held that payment of prevailing wages would reduce the national debt too slowly.
(c)
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Inflation is an economic problem because it
A) leads inevitably to unemployment. B) makes prices less useful as signals for resource allocation. C) leads to recession. D) results in rapid increases in the money supply.
Unemployment describes the condition where:
A. equipment and machinery are going unused. B. a person cannot get a job but is willing to work and is actively seeking work. C. a person does not have a job, regardless of whether or not he or she wants one. D. any resource sits idle.