If a Union Loses a Deauthorization Election, the Union Still

question 47

True/False

If a union loses a deauthorization election, the union still represents the employees in the bargaining unit and the rest of the collective bargaining agreement remains intact, but employees are not required to join the union.

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Definitions:

M1

Refers to the physical money supply that includes coins and notes in circulation as well as non-bank public holdings of checkable deposits.

M2

Includes all elements of M1 along with near money, such as savings deposits, time deposits under $100,000, and non-institutional money market funds.

M1

This term identifies the core components of the money supply, focusing primarily on currency and liquid assets held by the public.

Trade Deficit

Occurs when a country's imports exceed its exports during a given time period, indicating that it is buying more foreign products than it is selling domestically.