When Studying the Effects of Public Policy Changes,what Have Economists

question 139

Multiple Choice

When studying the effects of public policy changes,what have economists often observed?

• A)There is a difference between the long run and the short run.
• B)Unemployment and inflation are directly related in the short run.
• C)With stock prices, what goes up must come down.
• D)If the policy is well designed, it will always be effective.

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Definitions:

Safety Committees

Groups formed within organizations to identify safety and health issues and to develop strategies to improve workplace safety.

Union Representation

The act of a labor union acting as an intermediary between its members and the management of an organization, negotiating terms of employment.

Board of Directors

A group of individuals elected to represent shareholders and make decisions on major company issues, including corporate policies and strategies.

Workers' Compensation

An insurance program that provides financial and medical benefits to employees who are injured or become ill as a direct result of their job.