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Author Question: The labor market in Major League Baseball features A) monopolistic competition between the teams ... (Read 202 times)

mrsjacobs44

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The labor market in Major League Baseball features
 
  A) monopolistic competition between the teams and professional baseball players.
  B) an oligopoly by the League in employing professional baseball players that is offset by an oligopsony by the players in the labor market.
  C) a monopsony by the League in employing professional baseball players that is offset by the players' membership in a labor union.
  D) a monopoly by the League in employing professional baseball players that is offset by the players' membership in a labor union.

Question 2

If workers and firms lower their inflation expectations
 
  A) actual inflation will fall to match expected inflation.
  B) unemployment will rise.
  C) the short-run Phillips curve will be vertical.
  D) the short-run Phillips curve will shift downward.


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tdewitt

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tdewitt

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