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What Is the Inflation Gap? What Is the Output Gap

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What is the inflation gap? What is the output gap?


Definitions:

Scope of Unionization

Refers to the extent to which workers in various sectors or regions are organized into and represented by unions.

Soul of Union

The core principles, values, and spirit that guide a labor union's operations and its approach to advocating for workers' rights.

Union Representation

The act of labor unions acting as intermediaries between their members and management, negotiating labor contracts, and advocating for workers' rights.

Craft Unionism

A labor movement approach focusing on organizing workers in specific trades or crafts rather than in a single industry or factory.

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