A Candidate for Political Office Announces the Following Policies Which

question 212

Multiple Choice

A candidate for political office announces the following policies which, he says, economics clearly demonstrates will lead to higher output in the long run: 1. reduce immigration from abroad 2. make trade more open between the US and other countries:

• A)1 and 2 both shift long-run aggregate supply right.
• B)1 and 2 both shift long-run aggregate supply left.
• C)1 shifts long-run aggregate supply right, 2 shifts long-run aggregate supply left.
• D)1 shifts long-run aggregate supply left, 2 shifts long-run aggregate supply right.

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Definitions:

Collective Bargaining

A process of negotiation between employers and a group of employees aimed at agreements to regulate working salaries, working conditions, benefits, and other aspects of workers' compensation and rights.

Unionization

The process of forming or joining a labor union, where workers unite to collectively negotiate with employers regarding workplace issues.

Grievance Procedure

A formal process through which employees can report complaints or concerns about the workplace, typically involving a series of steps for resolution.

International Brotherhood of Teamsters

A labor union in the United States and Canada representing a diverse membership across various industries.