To Avoid the Negative Effects of Unexpected Inflation,workers Have an Incentive

question 124

Multiple Choice

To avoid the negative effects of unexpected inflation,workers have an incentive to

• A) lock in their current wages for years.
• B) stay unemployed during years of inflation.
• C) never negotiate wage contracts.
• D) change jobs regularly.
• E) expect a certain level of inflation and to negotiate their contracts accordingly.

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Definitions:

Political Affiliation

An individual's or group's identification with or support for a particular political party or ideology.

NDP

Stands for New Democratic Party, a social democratic political party in Canada.

Light Smoker

A smoker who consumes a relatively small number of cigarettes or tobacco products compared to the average smoker.

Asthma Sufferers

Individuals who experience asthma, a respiratory condition marked by difficulty in breathing due to inflamed airways.