One Goal of the Labor-Management Reporting and Disclosure Act (Landrum-Griffin

question 168

True/False

One goal of the Labor-Management Reporting and Disclosure Act (Landrum-Griffin Act) was to clean up union corruption.

---

Definitions:

Money Supply Growth

The rate at which the total amount of monetary assets in an economy increases over time, which can influence inflation, interest rates, and economic growth.

Unemployment Rate

The proportion of the labor force that is not currently employed but is actively looking for work and willing to work.

Volcker Disinflation

A period of monetary policy adjustment in the United States under Federal Reserve Chairman Paul Volcker, aimed at reducing high levels of inflation through high interest rates in the late 1970s and early 1980s.

Inflation Expectations

The anticipation of consumers, businesses, and investors about the rate at which the general level of prices will rise in the future.