In a Story from HYPERLINK "Http://www

question 358

Multiple Choice

In a story from HYPERLINK "http://www.Forbes.com/" www.Forbes.com (5/30/2003) , it was reported that the Chief Technology Officer of th plans for the country to spend $58.1 billion on technology that year. He was planning to buy technol from Cisco Systems, Oracle and Sun Microsystems in addition to other software makers.
This story reports on technological change which is the stressed in the of business cycles.

• A) new Keynesian cycle theory
• B) real business cycle theory
• C) new classical cycle theory
• D) monetarist cycle theory

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Definitions:

Seniority Based Pay

A compensation system where employees' wages are determined by the length of service in a company or organization.

Enterprise Unionism

A form of unionism in which workers organize into unions on a per-company basis, rather than by trade or industry.

Former Soviet Union

Refers to the socialist federation that existed from 1922 to 1991, comprising several republics including Russia, Ukraine, and others, which disbanded to become independent countries.

U.S. Labor Relations

The interaction between labor unions, employers, and the government in the United States, focusing on the negotiation and enforcement of labor contracts and the rights and obligations of parties in the workplace.