Which of the Following Is Not One of the Reasons

question 14

Multiple Choice

Which of the following is not one of the reasons that the American Federation of Labor was the most successful union of the late 19th century?

• A) It had a strong leader in Samuel Gompers.
• B) It limited its membership to skilled workers allowing the union more unity.
• C) It clearly defined its objectives.
• D) It was a tightly organized federation that required all members to give up their autonomy and independence for the good of the whole.
• E) It focused on practical tactics aimed at bread-and-butter issues.

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Definitions:

Real GDP

An inflation-adjusted measure that reflects the value of all goods and services produced by an economy in a given year, expressed in base-year prices.

Investment

The process of distributing usually monetary resources with the goal of earning income or making a profit.

Keynes

Refers to John Maynard Keynes, a British economist whose theories on government spending and monetary policy revolutionized economic thought and policy, especially during economic recessions.

Real Exchange Rate

The rate at which a person can trade the goods and services of one country for the goods and services of another.