High and Persistent Inflation Is Caused by

question 44

Multiple Choice

High and persistent inflation is caused by

• A)unions increasing wages too much.
• B)OPEC raising the price of oil too much.
• C)governments increasing the quantity of money too much.
• D)regulations raising the cost of production too much.

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Definitions:

Profit Sharing

A company policy where employees receive a share of the company's profits based on its earnings, serving as an incentive and reward for employee performance.

Billable Hours

The amount of an employee's work time that can be charged to a client, commonly used in professional services like law and consulting.

Net Income

The profit of a company after all expenses, taxes, and costs have been deducted from total revenue.

Profit Sharing

A compensation scheme where employees receive a portion of the company's profit, in addition to their regular salary.