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Use a graph to show the effects of an expansionary monetary policy moving an economy out of recession and to potential real GDP.Explain what happens to aggregate demand,real GDP,and the price level.
Union Shop
A workplace where employees must join the union within a certain timeframe after being hired.
Lockout
An action taken by employers to prevent employees from working during a labor dispute, as a measure to pressure the union into concessions.
Picketing
Job action during a legal strike when employees circulate at the periphery of the job site to persuade others not to do business with the struck employer.
Workers' Compensation Benefits
An insurance type that offers medical benefits and substitutes wages for workers hurt while working.
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