Which of the Following Is Not an Effect of Inflation

question 20

Multiple Choice

Which of the following is not an effect of inflation?

• A)Redistribute wealth.
• B)Change economic behavior and bring about inefficient economic activity
• C)Result in action by the Federal Reserve to stop the inflationary spiral
• D)Increased uncertainty about the future
• E)All of the above are effects of inflation

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Definitions:

Reporting Pay

A policy requiring employers to pay workers for a minimum number of hours even if they are sent home early or work less than the intended schedule.

Scheduled Hours Pay

Compensation for employees based on the hours they are scheduled to work, potentially including pay for unworked hours due to a minimum notice period for schedule changes.

Guaranteed Hours Pay

A compensation system where employees are assured a minimum number of paid hours, even if they work less than this minimum in a given period.

Union Contracts

Legal agreements between labor unions and employers that outline wages, benefits, working conditions, and other employment terms.