In Less Than Two Years in the Early 1920s,the Cost

question 46

Multiple Choice

In less than two years in the early 1920s,the cost of a German newspaper rose from 0.30 marks to 70,000,000 marks.This is a spectacular example of

• A)market power caused by a change in the country's standard of living.
• B)market power caused by a single firm controlling the newspaper production.
• C)inflation caused by increased productivity in the economy.
• D)inflation caused by an increase in the quantity of money in the economy.

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Definitions:

National Labor Relations Board

An independent US government agency charged with enforcing US labor law in relation to collective bargaining and unfair labor practices.

Certification Election

A process supervised by a regulatory body that allows employees to vote on whether or not they wish to be represented by a labor union.

Landrum-Griffin Act

The Landrum-Griffin Act, formally known as the Labor-Management Reporting and Disclosure Act of 1959, is a U.S. law that aims to protect union members' rights and promote labor democracy through regulating union administration.

National Labor Unions

Federations or organizations that represent the collective interests of workers across various sectors at the national level.