If There Is Repeated Monetary Validation to Wage- Push Supply

question 77

Multiple Choice

If there is repeated monetary validation to wage- push supply shocks,

• A)workers will have higher real wages.
• B)there will be a once- and- for- all rise in the price level.
• C)the supply shocks will reverse themselves.
• D)there will be ongoing inflation.
• E)unemployment will continue to rise.

---

Definitions:

Negotiation Pitfall

A common mistake or trap that can lead to less favorable outcomes during negotiation processes.

Minimum Reservation Point

The lowest value or condition acceptable to an individual or party in a negotiation.

Maximum Reservation Point

The highest price or point at which a buyer is willing to complete a transaction or negotiation.

Two-party Negotiation

A discussion aimed at reaching an agreement between two different parties or individuals.