Answer to Question #49474 in Macroeconomics for Chris-Obi

Question

A sociologist friend says, “Since the economy is so bad, owners are likely to take a much harder-line stance, making work stoppages far more likely.” Do you agree or disagree? Justify your answer.

Answer 1

Since the economy is so bad, owners are likely to take a much harder-line stance, making work stoppages far more likely. I agree with this statement, because sometimes only making work stoppages can allow the owners to cut losses and stay in the market without shutting down.