The Kennedy-Johnson Guidelines Broke Down in the Late 1960s Because

question 25

Multiple Choice

The Kennedy-Johnson guidelines broke down in the late 1960s because of

• A) strong demand-side inflation.
• B) the symptoms of deflation.
• C) increases in aggregate supply.
• D) price decreases by big firms.
• E) labor union wage restraints.

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Definitions:

Flex-Time System

An employment schedule that allows workers to alter their start and end times, offering flexibility to accommodate personal needs and preferences.

Work Sharing

A strategy aiming to reduce layoffs during slow periods by enabling employees to work reduced hours while partly compensating their reduced earnings with unemployment benefits.

Weekly Hours

The number of hours scheduled for work or assignment within a week.

Telecommuting Program

A work arrangement that allows employees to perform their job duties from outside the traditional office environment, often from home, facilitated by technological tools.