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Solve the system by substitution.
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Industrial Unions
Unions that organize workers across various trades and crafts within an industry to conduct collective bargaining.
Craft Unions
Labor unions representing workers with specific skills or crafts, often in the same or related industries.
Nominal Wages
Wages that are paid to workers in current dollars, without adjustment for inflation.
Price Level
A measure of the average of current prices across the entire spectrum of goods and services produced in the economy.
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