Economics Ch. 20 Test

The fairness of activities of unions and employers is judged by the

If the Fed is lowering the interest rates that banks pay it, the country

any kind of work slowdown short of a strike

what is the tendency of a free-market economy to go back and forth between good and bad times?

Consumers who save more and use less credit are aiding the economy

The Fair Labor Standards Act

what guaranteed the right of american workers to organize and bargain collectively through reps

you play a key role in the U.S. economy

period in the business cycle during which the economy is growing

Wages, payments for raw materials, transportation, rent, and interest on borrowed money are

Heavy consumer spending can lower inflation

When union members go on strike

To combat strikers, employers in the past did all of the following EXCEPT

Consumers contribute to the country's economic troubles when

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

prolonged contraction in the business cycle

period in the business cycle during which the economy is slowing

The major purpose of unions is to

all of the following can be causes of economic problems EXCEPT

A closed shop is

what tries to control the amount of money and credit in the economy?

The National Labor Relations Board was established by the

A trough that lasts a long time is called a(n)

The opposite of a peak is a

government's policy of taxation and spending

rise in the costs of goods and services

Cesar Chavez was an important_______________leader.

Unions and employers reach nonbinding solutions to their differences through

A severe contraction in the business cycle is called a(n)

Job actions like slowdowns are never as effective as strikes for union members

method of resolving differences between labor unions and employers

Employers faced with worker slowdowns sometimes initiated

In 2005, the AFL- CIO

the govt may respond to econ. diff. by changing its___________, its policy regarding money.

situation in which workers walk off the job and refuse to work until labor issues are resolved

Rising productivity usually leads to

Which of the following does NOT aid the American economy?

process in which labor and management reps. meet to negotiate a solution in a labor dispute

Inflation often accompanies a bust

marching in front of one's workplace, often with signs urging others not to work for a company