During the Great Recession,________ Caused Long-Run Aggregate Supply to Decrease

question 30

Multiple Choice

During the Great Recession,________ caused long-run aggregate supply to decrease.

• A) an increase in international trade
• B) an advancement in technology
• C) financial market turmoil
• D) an increase in the U.S.labor force
• E) an increase in the money supply

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Definitions:

Union Organizing

The process by which workers and labor unions work together to form or join a union in order to negotiate collectively with their employers regarding wages, hours, benefits, and working conditions.

Work Time

The duration or period during which an employee is considered to be on duty or performing activities related to their job.

Strikes

Work stoppages initiated by employees to press for better wages, conditions, or other labor issues.

Union Membership

The status of being a member of a labor union, which is an organization that represents the collective interests of workers in negotiations with employers over wages, benefits, and working conditions.