Strikebreakers

question 195

Multiple Choice

Strikebreakers

• A) can reduce the bargaining power of a union.
• B) can strengthen the bargaining power of a union.
• C) make a union negotiation invalid.
• D) make a strike permanent.

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Definitions:

M2

An indicator of the monetary base that encompasses cash, deposits in checking accounts, and readily convertible quasi-cash assets.

Money Supply

The collective amount of all financial means in an economy, considering cash, coins, and deposits in checking and savings accounts, at a specific moment.

Backed by Gold

Refers to a currency that is guaranteed by gold reserves, meaning its value is supported by the amount of gold held by the issuing authority.

Paper Currency

Money in the form of paper notes issued by the government or central bank, representing a legal tender for transactions.