According to the Text, All of the Following Happened in the 1950s

question 4

Multiple Choice

According to the text, all of the following happened in the 1950s and 1960s except that

• A) the American Federation of Labor (AFL) and the CIO grew further apart, extinguishing hopes that they would ever merge.
• B) many managers reluctantly accepted unions as legitimate bargaining agents.
• C) as a result of unions, workers' security, living standards, and political influence all increased.
• D) labor's gains were attained through strikes whose rate of incidence was higher than in any other Western democracy.
• E) contracts in one industry became the basis for contracts in other industries.

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Definitions:

College Students

Individuals enrolled in an institution of higher learning to pursue a degree or certification.

Macroeconomics

The branch of economics that focuses on the behavior, performance, structure, and decision-making of an economy as a whole, rather than individual markets.

Large Aggregates

Broad categories or totals in economic data that combine several individual elements, such as national income, GDP, or total employment.

Economy as a Whole

A broad view of all the economic activities and transactions in a country or region, encompassing consumer, business, and government spending, investments, and trade balance.