In the Basic AD/AS Macro Model,which of the Following Events

question 30

Multiple Choice

In the basic AD/AS macro model,which of the following events could cause a negative AS shock?

• A)a large decrease in wages
• B)a large increase in business confidence
• C)a large decrease in the net tax rate
• D)a widespread outbreak of a serious infectious disease
• E)a large increase in labour productivity

Assess the role and effects of unions in the relationship between workers and management.

Describe the evolution and impact of workplace rules on employee compensation, benefits, and performance expectations.

Recognize the role of collective bargaining and other worker control governance systems in increasing workers' bargaining power.

Analyze the impact of unionization on company profits, worker satisfaction, and job turnover rates.

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Definitions:

Unit Material Cost

The cost attributed to a single unit of production, including direct materials used in creating that unit.

Physical Units

A method of measuring output or production volume in a process costing system using actual physical units.

Total Costs

The complete sum of all expenses incurred by a business in producing goods or services, including fixed and variable costs.

Equivalent Units

A concept in cost accounting used to allocate costs to partially completed goods, measured in terms of the number of finished units those in-process items represent.