The Labor Strikes That Prevailed at the End of World

question 61

Multiple Choice

The labor strikes that prevailed at the end of World War II began to subside when

• A)Unions were able to negotiate better wages and conditions.
• B)President Truman threatened to seize the mines and railroads that had been shut down by strikes.
• C)Truman sent in troops to quell a strike in the Midwest.
• D)the CIO expelled several of its more radical affiliates.
• E)All of these choices.

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Definitions:

Monetary Policy

Monetary policy refers to the process by which the central bank of a country manages the money supply and interest rates to influence economic activity and maintain economic stability.

Discretionary

Pertaining to funds or spending that is subject to decision or choice by a party or authority.

Balanced Budget Amendment

A proposed federal constitutional rule requiring that the government not spend more than its income in a fiscal year.

Crowding-out Effect

A situation where increased government spending leads to reduced investment in the private sector.