Suppose Workers and Employers Agree to a Three-Year Wage Contract

question 109

Multiple Choice

Suppose workers and employers agree to a three-year wage contract under the expectation of 3 percent inflation, but inflation turns out to be 1 percent. In this case, ________ lost purchasing power, and ________ gained purchasing power.

• A)employers; workers
• B)no one; employers
• C)workers; employers
• D)employers; no one

Grasp the significance of key documents and laws in the early history of the United States.

Understand the role and viewpoints of notable historical figures during the American Revolution and the founding of the United States.

Describe the structure and weaknesses of the Articles of Confederation.

Learn about the taxation policies and their effects on the relationship between the American colonies and Britain.

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