Use the Pair of Diagrams Below to Answer the Following

question 122

Multiple Choice

Use the pair of diagrams below to answer the following questions.
Figure 35-1

-Refer to Figure 35-1.If the economy starts at c and 1,then in the short run,an increase in the money supply growth rate moves the economy to

• A)a and 1.
• B)b and 2.
• C)c and 3.
• D)None of the above is correct.

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Definitions:

Pattern Bargaining

A labor negotiation strategy where unions use the outcome of one successful negotiation as a model or "pattern" for subsequent negotiations with other employers.

Legal Bargaining Item

Issues or matters that are legally required to be negotiated in good faith between unions and employers during collective bargaining.

Union Representation

The act of a labor union acting as the intermediary between the workforce and management to discuss employment terms, grievances, and rights.

Closed Shop Provisions

Labor agreement terms requiring that employees be members of a labor union as a condition of employment, now illegal in many places under "right to work" laws.