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34. Labor unions are a significant part of the American economy. In an essay discuss some of the reasons labor unions were founded and the

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34. Labor unions are a significant part of the American economy. In an essay discuss some of the reasons labor unions were founded and the different types of unions that were established. What are some of the basic laws, which control the collective bargaining process? Do you think strikes should be allowed? (11 points) 35. Explain the four parts of the business cycle? Discuss how inflation can hurt the economy? (9 points)

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