When Collective Bargaining Negotiations Broke Down Between the Soft Rock

question 117

True/False

When collective bargaining negotiations broke down between the Soft Rock Miners' Union and Consolidated Moose Pastures Mining Company,the union called a lawful strike of its members.Picket lines were set up at the entrance to the mine.
-The union may also set up lawful picket lines during a lawful strike at the premises of all customers and suppliers of the employer for the purpose of shutting down their businesses,and to require them to buy from competitors of their employer.

---

Definitions:

Inflation

The pace at which prices for goods and services generally ascend, causing buying power to decline.

Stagflation

A period of falling output and rising prices.

Hyperinflation

An extremely high and typically accelerating rate of inflation, often exceeding 50% per month.

Long-run Equilibrium

A state in an economy or market where all factors of production are fully utilized, and all prices and quantities have adjusted so that aggregate supply equals aggregate demand.