Consider a Nation in Which Most Workers Are Unionized

question 353

Multiple Choice

Consider a nation in which most workers are unionized. If all the nation's unions band together and succeed in boosting wages established by long-term labor contracts, then

• A) there is a leftward shift in just LRAS.
• B) there is a leftward shift in both LRAS and SRAS.
• C) there is a rightward shift in just SRAS.
• D) there is a rightward movement along the SRAS curve.

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Definitions:

Persuasion Agent

An individual or entity that attempts to influence others' attitudes, beliefs, or behaviors through various forms of communication.

Sock Puppeting

The act of creating a fake online identity to praise, defend, or create the illusion of support for oneself, a stand, or a product.

PSP

stands for PlayStation Portable, a handheld game console developed by Sony.

Fraudulent Marketing

Deceptive or misleading marketing practices that intentionally mislead consumers for the benefit of the advertiser or marketer, often leading to consumer harm.