Figure 28-1 -Refer to Figure 28-1. Suppose That the Economy Is Currently

question 146

Multiple Choice

Figure 28-1
-Refer to Figure 28-1. Suppose that the economy is currently at point A, and the unemployment rate at A is the natural rate. What policy would the Federal Reserve pursue if it wanted the economy to move to point B in the long run?

• A) Buy treasury bills.
• B) Sell treasury bills.
• C) Raise the discount rate.
• D) Decrease the money supply.
• E) No policy by the Federal Reserve will move the economy to point B in the long run.

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Definitions:

Representation Election

A vote held among employees to determine whether they wish to be represented by a labor union in dealings with their employer.

No Solicitation Rule

Workplace rules implemented by employers to limit or prohibit solicitation (including union solicitation) during work hours and in work areas.

Supporting Unions

Labor unions that provide assistance and resources to other unions and their members, often during strikes or negotiations.

EEOC

The Equal Employment Opportunity Commission, a federal agency that administers and enforces civil rights laws against workplace discrimination in the United States.