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TECHNOLOGY, AGGREGATE SUPPLY DETERMINANT: One of several specific aggregate supply determinants assumed constant when the short-run and long-run aggregate supply curves are constructed, and that shifts both aggregate supply curves when it changes. An increase in technology causes an increase (rightward shift) of both aggregate supply curves. A decrease in technology causes a decrease (leftward shift) of both aggregate supply curves. Other notable aggregate supply determinants include wages, energy prices, and the capital stock. Technology comes under the resource quality aggregate supply determinant.

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SYMPATHY STRIKE: A labor strike undertaken by a union without particular grievances against a firm to show support for a strike undertaken by a second union that does have grievances with the firm. The primary purpose of a sympathy strike is to demonstrate solidarity among unions. However, given labor laws, such a strike can create problems for the sympathetic union.

     See also | labor union | strike | collective bargaining | mediation | arbitration | lockout | wildcat strike | Taft-Hartley Act |


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CHANGE IN SUPPLY

A shift of the supply curve caused by a change in one of the supply determinants. A change in supply is caused by any factor affecting supply EXCEPT price. A related, but distinct, concept is a change in quantity supplied.

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