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Given that unions face a downward-sloping demand curve for labor,which of the following is not true concerning the optimal union wage rate at a given employment level?
Real Disposable Income
The income of individuals or the economy after adjusting for inflation, available for spending and saving after income taxes have been accounted for.
Net Exports
The value of a country's total exports minus its total imports; a positive value indicates a trade surplus while a negative value indicates a trade deficit.
Net Taxes
The total taxes paid by individuals or businesses after accounting for allowances, deductions, and credits.
Government Outlays
Government outlays refer to the total amount of money spent by the government, including spending on goods and services, transfer payments, and debt interest. This term is synonymous with government spending but emphasizes the outflow aspect.
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