Wage and Salary Increases That Are Not Accompanied by Productivity

question 10

True/False

Wage and salary increases that are not accompanied by productivity increases tend to exert inflationary pressures on a nation's economy.

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Definitions:

Defensive Attribution

A cognitive bias where an individual attributes causes of accidents or misfortunes to external factors to avoid personal blame or fear of future negative events.

Bad Mouth

To speak negatively about someone or something, often in a disrespectful or slanderous manner.

Cognitive Dissonance

A psychological state of tension that occurs when an individual holds two conflicting thoughts, beliefs, attitudes, or perceptions simultaneously.

Imbalance

A state of lack of equilibrium or proportion, in physical contexts, emotional states, or relationships.