Examlex
Which of the following was the only major labor law passed before the National Labor Relations Act:
Minimum Wage
Legislation requiring that workers be paid at least the stated minimum hourly rate of pay.
Tax Rates
The percentage at which an individual or corporation is taxed on their income or profits.
Economic Recession
A significant decline in economic activity spread across the economy, lasting more than a few months, typically visible in GDP, real income, employment, industrial production, and wholesale-retail sales.
Keynesian View
An economic theory proposing that government intervention, through monetary and fiscal policy, can mitigate the adverse effects of recessions and depressions.
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