What Would Happen to Prices If, for Example, All Trade

question 34

Multiple Choice

What would happen to prices if, for example, all trade unions negotiated long-term higher nominal pay and regular across-the-board increases for workers?

• A) Prices would remain unchanged.
• B) Prices would likely increase.
• C) Prices are not affected by nominal salary increases.
• D) Prices would likely decrease.

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