In the period 1960–95,
(a) the relations between capital and labor (owners and workers) continued to be as hostile and violent as they were in the 1930s and earlier.
(b) the relations between capital and labor (owners and workers) continued to be cooperative and peaceful, as they had been throughout U.S. history.
(c) an accord was struck which involved more cooperative relations between capital and labor and encouraged high rates of productivity in industry.
(d) the federal government intervened with a strong hand to ensure that labor and capital worked together cooperatively.
(c)
You might also like to view...
If the bank is selling euros for $0.89, then what is the implied euro price of the dollar?
A) 2.00 B) 1.99 C) 2.32 D) 1.12
Answer the following statements true (T) or false (F)
1) An increase in a lump-sum tax has the same effect on equilibrium GDP as an equal decrease in government purchases. 2) If the government increases its purchases by $200 billion but at the same time raises lump- sum taxes by $200 billion, then equilibrium GDP will remain constant. 3) A decrease in taxes will have a larger effect on equilibrium GDP if the marginal propensity to consume is smaller. 4) A recessionary expenditure gap is the amount by which aggregate expenditures must increase in order to reach the full-employment level of GDP.