Which of the Following Is Likely to Be an Effect

question 73

Multiple Choice

Which of the following is likely to be an effect of inflation?

• A)An increase in the willingness of lenders to lend money for longer periods
• B)A decrease in the willingness of borrowers to borrow money for longer periods
• C)A decrease in the purchasing power of lenders in the economy
• D)An increase in the willingness of people to buy bonds as a hedge against rising prices
• E)An increase in the willingness of people to buy physical assets as a hedge against rising prices

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Definitions:

National Labor Unions

Federations or organizations that represent the collective interests of workers across various sectors at the national level.

Taft-Hartley Act

A federal law established in 1947 in the United States, which limits the actions and authority of labor unions.

Union Members

Individuals who belong to a labor union, which represents their interests in negotiations with employers.

Blue-collar Jobs

Refers to occupations that typically involve manual labor and are often hourly-wage positions.