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What did a study of private sector use of conciliation determine in relation to it reducing the likelihood of strikes?
Real GDP
Real GDP, or Real Gross Domestic Product, measures the value of all goods and services produced by an economy over a specific time period, adjusted for inflation.
Psychic Cost
The mental and emotional energy or stress involved in making a decision or taking an action, not typically measured in financial terms.
Economic Well-being
A broad concept reflecting individuals' and communities' quality of life, including financial stability, employment, health, and education.
Underground Economy
Economic activities that are not reported to the government and therefore not taxed or included in official GDP calculations.
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