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If a union is unable to increase the demand for its workers, then success at raising the wage rate paid its members means that
General Price Level
An indicator of the average prices of goods and services across the economy at a specific point in time.
Inflation
An economic condition marked by a sustained increase in the general price level of goods and services in an economy over a period of time.
Government Purchases
Expenditures by government entities for goods and services that directly satisfy public consumption or are invested in public infrastructure.
GDP
Gross Domestic Product (GDP) measures the total value of all goods and services produced within a country's borders in a specific time period, serving as a broad indicator of its economic performance.
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