Which of the Following Statements Is True

question 351

Multiple Choice

Which of the following statements is true?

• A) The share of income going to labor has increased during periods when union membership has increased as a proportion of the U.S. labor force.
• B) Inflation in the United States has tended to accelerate as the proportion of the U.S. labor force that is unionized has increased.
• C) Higher wages in the unionized sectors of an economy will also push up wages in the nonunion sectors.
• D) High real wages cannot be achieved and sustained without increases in output per worker hour.

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Definitions:

Quantity Theory

The theory in economics that the quantity of money available in an economy is the major determinant of the economic activity level, prices, and inflation.

Crude Quantity

An initial, unrefined estimate of the amount or volume of a substance or material.

Grief

The emotional suffering one feels when something or someone the individual loves is taken away.

Bereavement Support

is the assistance, counseling, and emotional comfort provided to individuals who are dealing with the loss of a loved one.