If New Zealand Is Operating at Potential GDP,which of the Following

question 213

Multiple Choice

If New Zealand is operating at potential GDP,which of the following is true?
I.New Zealand only has frictional and structural unemployment.
Ii.There is no inflation in New Zealand.
Iii.New Zealand has positive net exports.

• A)i,ii and iii
• B)i only
• C)i and ii
• D)i and iii
• E)ii only

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Definitions:

Closed Shop Clause

A provision that requires employees to be members of a specific labor union as a condition of their employment.

Agency Shop Clause

A provision in a collective bargaining agreement that requires employees to pay union dues or fees, regardless of whether they are union members.

Section 8

Refers to a provision of the National Labor Relations Act that defines unfair labor practices by employers, unions, or employees.

NLRA

The National Labor Relations Act, which is the foundational statute of United States labor law that protects the rights of employees and employers, to engage in collective bargaining and other activities.