Table 12.4 -Refer to Table 12.4.Consider the Hypothetical Information in the Table

question 153

Multiple Choice

Table 12.4
-Refer to Table 12.4.Consider the hypothetical information in the table above for potential real GDP, real GDP, and the price level in 2017 and in 2018 if the federal government does not use fiscal policy.If the federal government uses fiscal policy successfully to keep real GDP at its potential level in 2018, which of the following will be higher than if the federal government had taken no action?

• A)real GDP and the unemployment rate
• B)real GDP and the inflation rate
• C)real GDP and potential GDP
• D)potential GDP and the inflation rate
• E)potential GDP and the unemployment rate

Recognize the rights of employees under labor laws.

Analyze the legal aspects of unfair labor practices and employer-union interactions.

Differentiate between legal and illegal union and employer practices.

Explain the implications of collective bargaining on workers and the bargaining unit.

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Definitions:

Operant Conditioning

A learning process in which the strength of a behavior is modified by reinforcement or punishment.

Counterconditioning

A behavior therapy technique involving replacing an unwanted response to a stimulus with a desired response.

Fear Of Flying

An anxiety disorder characterized by an intense fear or phobia of air travel, which can cause significant distress.

Operant Conditioning

A method of learning that occurs through rewards and punishments for behavior, encouraging the subject to associate certain behaviors with specific consequences.