If Workers Successfully Demand Higher Wages, but Monetary Policy Is

question 5

Multiple Choice

If workers successfully demand higher wages, but monetary policy is not accommodative, then prices will _____ in the short run and _____ in the long run.

• A) rise, rise
• B) rise, fall
• C) fall, rise
• D) fall, fall

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Definitions:

Mainstream Media

Media outlets and platforms that reach the largest audience and are typically regarded as conventional or traditional sources of news and entertainment.

Homogenous Media Products

Media content that lacks diversity and variation, often resulting from dominant cultural or industry norms dictating production values and themes.

Bagdikian's Hypothesis

A theory suggesting that control of media is increasingly concentrated in the hands of a few corporations or individuals, potentially limiting diversity of perspective and democratic discourse.

Local Newspapers

Publications that focus on regional news, events, and interests, serving a specific geographic area or community.