An increase in the demand for union labor ________ , so there is no need to restrict labor supply or to ration jobs among union members
a. has no impact on wage and employment
b. leads to higher employment and lower wage
c. leads to higher wage and employment
d. leads to lower wage and employment
c
Economics
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If the Fed lowers the federal funds rate, which of the following will NOT happen?
A) The real interest rate falls. B) Other short-term interest rates fall. C) Aggregate demand increases. D) Real GDP increases. E) The price level falls.
Economics
In the ________, one firm sets its output first, and then a second firm, after observing the first firm's output, makes its output decision
A) Cournot model B) model of monopolistic competition C) Bertrand model D) kinked-demand model E) none of the above
Economics