What Was the Purpose of the Wagner Act

question 59

Multiple Choice

What was the purpose of the Wagner Act?

• A) It signaled the very beginning of what became known as the First New Deal.
• B) It gave government jobs to several thousand unemployed miners.
• C) It guaranteed workers the right to organize unions and bargain directly with management.
• D) It officially ended the work of the National Labor Relations Board.
• E) It gave employers the right to fully control union activities.

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Definitions:

Highly Inelastic

Describes a situation where supply or demand for a product or service is relatively unresponsive to changes in price.

Unit Elasticity

A situation where a change in the price of a good or service results in a proportional change in the quantity demanded or supplied.

Income Elasticity

A measure of how much the demand for a product changes in response to a change in consumers' income.

Demand

The total quantity of a good or service that consumers are willing and able to purchase at a given price level in a given market.