As the Proportion of Labor Contracts That Index Wages to Prices

question 4

Multiple Choice

As the proportion of labor contracts that index wages to prices declines,we would expect that

• A)a reduction in the unemployment rate will now have a smaller effect on inflation.
• B)the natural rate of unemployment will increase.
• C)the natural rate of unemployment will decrease.
• D)nominal wages will become more sensitive to changes in unemployment.

---

Definitions:

Calculated Columns

Columns in a database or spreadsheet that contain values computed from expressions or formulas involving other columns.

Constraint

A restriction or limitation on the values that can be input, stored, or output from a system, often used in databases and programming to ensure data integrity.

TEXTJOIN Function

A function in spreadsheet programs that combines the text from multiple ranges and/or strings, with a delimiter separating each value if desired.

Order Date

The date on which an order was placed or requested by a customer.