In 1990,Congress Enacted the Older Workers' Benefit Protection Act (OWBPA),amending

question 26

Multiple Choice

In 1990,Congress enacted the Older Workers' Benefit Protection Act (OWBPA) ,amending section 4(f) of the Age Discrimination in Employment Act (ADEA) .The OWBPA:

• A) forces employers to compensate older employees subjected to age discrimination.
• B) concerns the legality and enforcement of early retirement programs that require older workers to waive their rights under the ADEA.
• C) makes early retirement programs that require waivers illegal.
• D) concerns the legality of awarding punitive damages in addition to equitable relief by courts to a successful plaintiff in an age discrimination suit.

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Definitions:

Recession

A temporary downturn in economic activity, characterized by decreased trade and industrial production, usually recognized by consecutive quarters of declining GDP.

Expected Price Level

The price level consumers, producers, and investors anticipate in the future, influencing their economic decisions in the present.

Wage Bargaining

The negotiation process between employees (or their representatives) and employers regarding the terms of employment, focusing primarily on salary or wage levels.

Long Run

A period in which all factors of production and costs are variable, and firms can adjust all inputs.