Luke Was Selected for the Post of Junior Manager in a Five-Star

question 33

Multiple Choice

Luke was selected for the post of junior manager in a five-star hotel. The employer's application for employment contained a Dispute Resolution Agreement requiring employees to submit all employment disputes to binding arbitration. Applicants who refused to sign the Dispute Resolution Agreement were not hired. Such an agreement is:

• A)not enforceable under the FAA, as held by the district court.
• B)not enforceable under the FAA, as held by the Supreme court.
• C)enforceable under the FAA , as held by the Supreme court.
• D)enforceable under the FAA, as held by the district court.

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Definitions:

Adverse Supply Shock

An unexpected event that suddenly decreases the supply of a good or service, often leading to increased prices and decreased quantity in the market.

Long-run Results

Long-run results refer to the outcomes or effects that manifest over an extended period, considering all variables including those that are fixed in the short term can adjust over time.

Adverse Supply Shock

An unexpected event that suddenly decreases supply, leading to higher prices and lower quantities available.

Short-run Phillips Curve

A graphical representation showing the inverse relationship between the rate of inflation and the rate of unemployment in an economy over a short period.