Union contracts with built-in cost of living adjustments andhome mortgages that

Question

Union contracts with built-in cost of living adjustments andhome mortgages that vary with the rate of inflation are: a. inappropriate ways of combating inflation b. examples of bracket creep. c. means of implementing fiscal policy d. steps that can be taken to decrease the adverse impacts ofinflation e. examples of failed discarded policies of the 1970s. please tell me why u picked the answer u picked Thanks Union contracts with built-in cost of living adjustments andhome mortgages that vary with the rate of inflation are: a. inappropriate ways of combating inflation b. examples of bracket creep. c. means of implementing fiscal policy d. steps that can be taken to decrease the adverse impacts ofinflation e. examples of failed discarded policies of the 1970s. please tell me why u picked the answer u picked Thanks

Explanation / Answer

.LABOR'S weakened position shows up in several ways. In 1974,according to the Bureau of Labor Statistics, there were 424 workstoppages of a 1,000 or more workers. Eleven years later, thenumber reached a low of 54 and last year figure stood at 69. And akey ingredient to wage-price inflationary spirals,cost-of-living adjustments, are no longer common in laborcontracts. Last year COLA's for workers under major union contractsdropped to 40 percent from 49 percent the year before. In 1976,such clauses could be found in more than 61 percent ofcontracts.

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