What Is the Most Likely Effect of an Increase in Government

question 113

Multiple Choice

What is the most likely effect of an increase in government spending on goods to build or repair infrastructure?

• A) It would shift the aggregate-demand curve to the left.
• B) It would shift the long-run aggregate-supply curve to the left.
• C) It would shift the short-run aggregate-supply curve to the left.
• D) It would shift the long run aggregate-supply curve to the right.

Distinguish between manufacturing and non-manufacturing costs in a business setting.

Appreciate the importance of managerial accounting reports in decision-making processes.

Understand the classification of costs in manufacturing settings.

Differentiate between direct and indirect costs.

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Definitions:

Borg-Warner Doctrine

A legal principle established by the U.S. Supreme Court stating that employers are not required to bargain over issues that are strictly management decisions unless they are tangibly related to wages, hours, or other conditions of employment.

Gissel Bargaining Order

A directive issued by the National Labor Relations Board requiring an employer to bargain with a union that hasn't won a certified election, but where worker support has been demonstrated.

Steelworkers Trilogy

A set of three landmark labor law cases decided by the United States Supreme Court in 1960, which greatly expanded the role of arbitration in resolving labor disputes.

Bargaining Issue Determination

The process of identifying and defining the specific subjects or matters to be negotiated or discussed between parties, typically in the context of labor relations.