The Federal Government's Response to a Second Wave of Inflation

question 2

Multiple Choice

The federal government's response to a second wave of inflation in 1982 did not include which of the following?

• A)unilateral extension of public service contracts
• B)elimination of interest arbitration in public sector disputes
• C)elimination of public sector non- monetary negotiations
• D)elimination of the right to strike for public sector workers
• E)unilateral extension of private sector contracts.contracts

---

Definitions:

Economic Indicators

Statistical metrics used to gauge the overall health of the economy.

Monetary Tool

Instruments used by central banks to control the supply of money in the economy, impacting interest rates and overall economic activity.

Open-Market Operations

These are actions, like buying or selling government bonds, undertaken by central banks to control the money supply and interest rates.

Price-Earnings Ratios

A valuation ratio of a company's current share price compared to its per-share earnings, used to evaluate if a stock is over or undervalued.