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(a) What impact do unions typically have on unemployment in the unionized labor sector? Why? (b) What impact do unions typically have on employment in
(a) What impact do unions typically have on unemployment in the unionized labor sector? Why? (b) What impact do unions typically have on employment in the non-unionized labor sector? Explain. (c) What impact do unions typically have on wages in the non-unionized labor sector? Explain. (a) If the Fed increases the money supply by 0.5%, will the value of money increase or decrease? Will the price level increase or decrease? Illustrate with a graph. (b) Now suppose the demand for money decreases. Does this result in inflation or deflation? Explain
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