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Which of the following is the factor that leads to business cycles in the new classical business cycle theory?
Public Sector
The part of the economy composed of government services and enterprises, including education, healthcare, and law enforcement.
Labor Unions
Organizations formed by workers from related fields to work collectively towards securing better working conditions, wages, and other employment benefits.
Collective Bargaining
The process by which labor unions negotiate with employers to reach agreement on wages, work conditions, and benefits.
Taft-Hartley Act
A 1947 United States federal law that restricts the activities and power of labor unions.
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