Which of the Following Rises During Recessions

question 20

Multiple Choice

Which of the following rises during recessions?

• A)layoffs and consumer spending
• B)layoffs but not consumer spending
• C)consumer spending but not layoffs
• D)neither layoffs nor consumer spending

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Definitions:

Collective Bargaining

Negotiation between union representatives and management representatives to arrive at a contract defining conditions of employment for the term of the contract and to administer that contract.

Objectives

Specific, measurable goals that are designed to be achieved within a certain timeframe.

Data

Quantitative or qualitative values that represent information or variables, often used for analysis or to make decisions.

Checkoff Provision

Contract provision under which the employer, on behalf of the union, automatically deducts union dues from employees' paychecks.