Wait Unemployment

question 33

Multiple Choice

Wait unemployment

• A) occurs when union workers strike for wage increases.
• B) will increase the size of the spillover effect.
• C) occurs when workers choose unemployment over non-union jobs.
• D) will cause the supply of labor to shift further to the right in the non-union sector.

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Definitions:

National Saving

The total amount of savings generated within a country, representing the difference between national income and consumption plus government spending.

Budget Resolution

A congressional agreement about total outlays, spending by major category, and expected revenues; it guides spending and revenue decisions by the many congressional committees and subcommittees.

Congressional Agreement

A consensus reached among members of the United States Congress on a legislative matter.

Outlays

Expenses incurred or amount spent for a particular purpose.