If all factors of production that are available for use under current market conditions are being utilized, then the economy has:

If a new and better good replaced an older and less expensive good, then the price level measured by the CPI ________

A) is lower than the actual price level B) is higher than the actual price level C) might be either higher or lower than the actual price D) is the same as the actual price level because it measures the prices of the actual goods

The United Steel Workers Union is an example of

A) a craft union. B) an auto union. C) an industrial union. D) a blue collar union.