The Two Types of Inflation Are

question 218

Multiple Choice

The two types of inflation are:

• A)demand-pull and supply-push
• B)recessionary and recovery
• C)cost-pull and supply-push
• D)demand-pull and cost-push
• E)demand push and supply-pull

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Definitions:

Integrative Bargaining

A negotiation strategy that seeks win-win outcomes by addressing interests of all parties involved rather than focussing strictly on fixed positions.

Collective Bargaining

The process where workers, through their unions, negotiate contracts with their employers to determine pay, work conditions, benefits, and other work-related issues.

Bad Faith Bargaining

Negotiations where one or more parties refuse to engage sincerely or with the intent to reach an agreement, typically violating principles of honesty and fairness.

National Labor Relations Act

A foundational US law enacted in 1935 that protects the rights of employees to organize, bargain collectively, and engage in concerted activities for mutual aid or protection.