All of the Following Are Aspects of Macroeconomics EXCEPT

question 270

Multiple Choice

All of the following are aspects of macroeconomics EXCEPT

• A) the U.S. unemployment rate.
• B) the production decisions of a pharmaceutical firm.
• C) the budget deficit of the United States.
• D) foreign trade.

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Definitions:

Industrial Relations School

A perspective or academic discipline focusing on the study of employment relationships, labor laws, and collective bargaining processes.

Taft-Hartley Act

A 1947 US federal law that restricts the activities and power of labor unions, formally known as the Labor Management Relations Act.

Government Regulation

The imposition of rules by government, backed by the use of penalties that are intended to modify the economic behavior of individuals and firms in the private sector.

Union Shop Agreements

Agreements requiring all employees in a particular company or industry to become union members as a condition of their employment.