With Demand-Pull Inflation in the Extended AD-AS Model, There Is

question 14

Multiple Choice

With demand-pull inflation in the extended AD-AS model, there is

• A) a decrease in aggregate demand and a decrease in unemployment that eventually increases nominal wages.
• B) an increase in aggregate demand and a decrease in unemployment that eventually decreases nominal wages.
• C) an increase in aggregate demand and an increase in unemployment that eventually decreases nominal wages.
• D) an increase in aggregate demand and a decrease in unemployment that eventually increases nominal wages.

Understand the impact of public management reform movements on labor relations.

Recognize the challenges and debates surrounding labor law deregulation and reform proposals.

Grasp the significance of labor law for effective union representation and collective bargaining.

Understand the societal and legal arguments against purely profit-driven business models.

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