Suppose That Autoworkers Are Unionized in One Region of the Country

question 368

Multiple Choice

Suppose that autoworkers are unionized in one region of the country but not in the other. If the unionized workers abolished their unions, employment

• A)and wages of autoworkers in that region would rise.
• B)of automobile workers in that region would rise, but wages of automobile workers in that region would fall.
• C)and wages of autoworkers in that region would fall.
• D)of automobile workers in that region would fall but wages of automobile workers in that region would rise.

---

Definitions:

Best Possible Price

Achieving the most favorable cost condition under given circumstances, often in purchasing or selling scenarios.

Federal Reserve Districts

Geographic regions in the United States served by a specific Federal Reserve Bank.

M2

M2 is a measure of money supply that includes all elements of M1 (cash and liquid assets) plus near money, such as savings deposits, money market securities, and other time deposits, which are less liquid but can easily be converted into cash or checking deposits.

M1

M1 is a category of the money supply that includes physical currency and coin, demand deposits, traveler's checks, and other liquid funds.