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UNFAIR LABOR PRACTICE: An activity on the part of employers to discourage legal labor union actions or on the part of labor unions to discourage legal nonunion employee actions. In the never ending battle between labor and management to gain the upper hand in the labor market each side has engaged in practices to thwart the power of the other side. Management commonly undertook what are now termed unfair labor practices in the early stages of the labor union movement to prevent unions from gaining power. Once unions gained power, however, then too engaged in unfair labor practices to keep and enhance that power. Unfair labor practices by management were largely outlawed by the National Labor Relations Act. Unfair labor practices by labor unions were largely outlawed by the Taft-Hartley Act.
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AGGREGATE SUPPLY INCREASE, LONG-RUN AGGREGATE MARKET A shock to the long-run aggregate market caused by an increase in aggregate supply, resulting in and illustrated by a rightward shift of the long-run aggregate supply curve. An increase in aggregate supply in the long-run aggregate market results in a decrease in the price level and an increase in real production. The level of real production resulting from the shock is a greater level of full-employment real production.
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BLUE PLACIDOLA
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Today, you are likely to spend a great deal of time calling an endless list of 800 numbers seeking to buy either a cross-cut paper shredder or a birthday greeting card for your father. Be on the lookout for crowded shopping malls.
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North Carolina supplied all the domestic gold coined for currency by the U.S. Mint in Philadelphia until 1828.
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"It is the mark of an educated mind to be able to entertain a thought without accepting it." -- Aristotle
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MBA
Master of Business Administration
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