In the Short Run,union Wages Are Insensitive to Changes in the Unemployment

question 13

True/False

In the short run,union wages are insensitive to changes in the unemployment rate compared to wages in the nonunion sector.

---

Definitions:

Social Darwinism

A theory that applies the concept of survival of the fittest to human society, justifying inequalities and promoting a laissez-faire political and economic system.

Buffalo-Hunting Indians

Native American tribes that relied heavily on the hunting of buffalo for their livelihood, including for food, clothing, and shelter.

Transcontinental Railroad

A train route across the United States completed in 1869, connecting the east and west coasts, significantly facilitating commerce and settlement.