Examlex
Whenever employees believe that the union is not representing the interests of the majority, employees may initiate:
Supply
The total amount of a good or service that is available for purchase at any given price.
Perfectly Inelastic
Describes a situation where the quantity demanded or supplied does not change in response to a price change.
Recession
A period of declining real GDP, accompanied by lower real income and higher unemployment.
Demand
The quantity of a good or service that consumers are willing and able to purchase at various prices over a given period of time.
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