Chapter 20 CIP

union members walk off a job because an employer will not agree to union demands

The program president Roosevelt established to end the Great Depression was called the __________________.

any work slowdown or action short of a strike

A problem that often accompanies an economic boom is inflation.

Labor Unions today are

It is better for the country when the economy is in a depression than a recession.

A problem that often accompanies an economic boom is unemployment

the high point of a business cycle

President Roosevelt established the New Economy Program to end the Great Depression.

Rising productivity usually leads to

Fiscal policy is the government's policy on taxing and spending

economic slowdown

In the 1930s the United States experienced an economic period called the Great Recession.

Union members on strike try to prevent the hiring of replacement workers by _____________.

The Landrum-Griffin Act _______________

organizations of workers

an expert recommends a non-binding solution to a labor dispute

When union members go on strike,

If necessary, the government borrows money to pay its expenses.

Before the Great Depression, most economists believed the business cycle should be left alone.

shifting of economy from good times to bad and back again

the lowest point in a business cycle

When prices increase faster than wages, people cannot buy as much with their money.

labor and management representatives meet to negotiate a solution to a labor dispute

Every state has right-to-work laws.

an expert makes a binding decision to settle a labor dispute