Which of the following "state of the economy" factors is likely to occur?
A) Less union pressure for cost-of-living clauses in inflationary times.
B) More construction union pressure to protect against layoffs if interest rates rise.
C) Unions will be more likely to accept bargaining concessions during unfavorable economic times.
D) all of these
E) More construction union pressure to protect against layoffs if interest rates rise and unions will be more likely to accept bargaining concessions during unfavorable economic times.

Question

Quizplus · Accepted Answer

All three options listed in A, B, and C are likely to occur during different stages of the economic cycle. Inflationary times may reduce union pressure for cost-of-living clauses, rising interest rates may lead to more union pressure to protect against layoffs in construction jobs, and unfavorable economic times may make unions more willing to accept bargaining concessions in order to preserve jobs. Therefore, all three options are possible state of the economy factors.

Which of the Following "State of the Economy" Factors Is