Liberals believe that excessive labor union power was largely responsible for the high inflation of the late 1970s and early 1980s.

Question

Quizplus · Accepted Answer

This statement is not accurate. Liberals generally believe that inflation during this time period was caused by a combination of factors such as oil shocks, government policies, and international events. While some may recognize that labor unions had some influence on wage increases, they would not attribute the entire inflation crisis to them.

Liberals Believe That Excessive Labor Union Power Was Largely Responsible