Inflation Can Be Thought of As

question 1

Multiple Choice

Inflation can be thought of as:

• A) an increase in the price of money.
• B) a decrease in the price of money.
• C) no change in the price of money, just in the supply of money.
• D) no change in the price of money, just in the demand for money.

Describe the historical development and current state of labor unions in the U.S.

Explain the economic goals of labor unions and their methods to achieve these goals.

Recognize the role of collective bargaining in labor-management relations.

Understand the concept and implications of a monopsony in labor markets.