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If the economy is on the IS curve,but is to the right of the LM curve,aggregate output will ________ and the interest rate will ________.
Unions
Organizations formed by workers from related fields that work together to protect their collective interests, such as better wages, working conditions, and benefits.
Secondary Strikes
Secondary strikes involve workers going on strike in solidarity with workers from a different company or industry, aiming to support another group's strike or labour dispute.
Globalization
The process of increased interconnectedness among countries, primarily in economics, politics, and culture, due to advances in communication and transportation.
International Trade
The exchange of goods, services, and capital between countries, driven by a desire for economic benefit and efficiency.
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