How do labor unions affect the economy?
a. They decrease demand by opposing low prices.
b. They increase supply by keeping workers healthy.
c. They decrease supply by increasing worker wages.
d. They increase demand by ensuring ethical production.
c. They decrease supply by increasing worker wages.
Labor unions can impact the economy by increasing worker wages, which can lead to higher production costs for businesses. This can potentially decrease overall supply and lead to higher prices for consumers. Additionally, labor unions can negotiate for better benefits and working conditions for their members, which can further impact production costs and ultimately the overall economy.