Examlex
In building a macro model with an AS curve, it is assumed that producers will
Unionized Plumbers
Plumbers who are members of a labor union, which negotiates wage rates and working conditions on their behalf.
Wage Rate
The amount of compensation paid to an employee by an employer in exchange for work performed, typically expressed per hour or year.
Total Demand
The complete quantity of a good or service that consumers are willing and able to purchase at a certain price level across the market.
Nonunionized
Workplaces or workers that are not part of a labor union or trade union.
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