Wages Are Often Tied to Expected Rates of Inflation; Thus,one

question 156

Multiple Choice

Wages are often tied to expected rates of inflation; thus,one reason why inflation is important is that

• A) when wages rise faster than inflation,companies lose money.
• B) when wages rise slower than inflation,workers suffer but corporate profits increase.
• C) inflation creates uncertainty about costs and prices,which affects both employees and employers.
• D) all inflation will eventually lead to hyperinflation,political instability,and war.
• E) menu costs mean restaurants have to print new menus,which is costly and unpleasant.

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Definitions:

Anesthetics

Agents that reduce or eliminate sensation, used mainly during surgical procedures.

Bladder Contractility

The ability of the bladder to contract and expel urine.

Urinary Retention

The inability to completely or partially empty the bladder.

Phenazopyridine

A medication used to relieve symptoms caused by irritation of the urinary tract, such as pain, burning, and the urge to urinate.