When the ________ Decreases, Then Potential Output Decreases

question 65

Multiple Choice

When the ________ decreases, then potential output decreases.

• A) short-run aggregate supply
• B) long-run aggregate supply
• C) short-run aggregate demand
• D) long-run aggregate demand

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Definitions:

Exclusive Representation

A legal status where a single labor union is recognized as the sole representative of all the employees in a bargaining unit for purposes of collective bargaining.

Majority Rule

A decision-making principle where the option that receives more than half of the votes is selected or adopted.

Adversarial

Pertaining to a competitive or oppositional situation where parties are in conflict or competition.

Trade Unions

Organizations formed by workers from related fields that aim to protect their collective interests and improve working conditions, wages, and benefits through collective bargaining.