Collective bargaining is a process used by unions and management to settle upon the terms of a labor contract.
Answer the following statement true (T) or false (F)
True
Economics
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Long-run aggregate supply will decrease for all of the following reasons EXCEPT
A) reduced money wages. B) decreased human capital. C) decrease in the level of full employment. D) decreased capital.
Economics
Suppose that during 2009, the actual real GDP of Chile was 3.5 billion pesos at the same time the potential GDP was 3.4 billion pesos. What sort of equilibrium existed in Chile?
What will be an ideal response?
Economics
The lower the price, the lower the producer surplus, all else equal
a. True b. False Indicate whether the statement is true or false
Economics
In a static model, one or more explanatory variables affect the dependent variable with a lag.
Answer the following statement true (T) or false (F)
Economics