Which of the following is correct?
A)There is consensus among economists that unions are good for the economy.
B)There is consensus among economists that unions are bad for the economy.
C)There is consensus among economists that,on net,unions have almost no impact on macroeconomic variables.
D)There is no consensus among economists about whether unions are good or bad for the economy.

Question

Quizplus · Accepted Answer

There is no clear consensus among economists about the overall impact of unions on the economy. Some economists argue that unions can lead to higher wages and better working conditions, which can stimulate consumer spending and benefit the overall economy. Others argue that unions can lead to higher labor costs for businesses, which can reduce competitiveness and lead to lower employment levels. Therefore, the answer is D.

Which of the Following Is Correct