Author Question: A social loss function is a way to a. represent the objectives of policymakers. b. balance the ... (Read 31 times)

nevelica · **on:** Jun 30, 2018

A social loss function is a way to

a. represent the objectives of policymakers.
b. balance the benefits lower inflation with the costs of higher unemployment and lower output.
c. calculate the costs of budget deficits.
d. a way to compensate the losers that result from changes in government policy.
e. both a and b.

Question 2

Why is the Clayton Act of 1914 considered to have been favorable to the interests of organized labor?

(a) It restricted the application of the Sherman Antitrust Act and excluded labor unions from it.
(b) It legalized collective bargaining for the first time.
(c) It declared labor to be an article of commerce.
(d) It forbade the use of injunctions by the courts to stop strikes.