Suppose OPEC is unable to come to an agreement regarding oil production and as a result the price of oil drops. Which of the following would you expect to occur as a result of this favorable supply shock?
A) The short-run Phillips curve will shift to the right and the unemployment rate will increase. B) The short-run Phillips curve will shift to the right and the unemployment rate will decrease. C) The short-run Phillips curve will shift to the left and the unemployment rate will increase. D) The short-run Phillips curve will shift to the left and the unemployment rate will decrease.
The ________ prohibit employers from firing employees engaged in activities that further the public interest including jury duty, military service and whistle blowing.
A) workers' compensation exceptions B) fair labor exceptions C) right to work exceptions D) public policy exceptions E) fairness to work exceptions
A) The supply of loanable funds is less elastic than the supply of land. B) The supply of loanable funds is more elastic than the supply of land. C) The supply of loanable funds is as elastic as the supply of land.