In an Effort to Discover Whether or Not Workers Understand

question 197

Multiple Choice

In an effort to discover whether or not workers understand inflation, economist Robert Shiller conducted a survey.When asked about the effect of general inflation on their wages or salary, the most popular response coming from workers was:

• A)"My wages usually catch up to rising prices within a year."
• B)"The price increase will create extra profit for my employer....There will be no affect on my pay."
• C)"My wages have always increased by more than the rate of inflation."
• D)"The price increase will force my employer to reduce my pay."
• E)None of the above is correct.

---

Definitions:

Setbacks

Events or conditions that hinder progress or cause a decline in performance, often temporarily.

Personal Flaws

Individual weaknesses or shortcomings that are often character-based and can impact one's decisions or actions negatively.

Bipolar Disorders

Bipolar disorders are a group of mental health conditions signified by extreme mood swings that include emotional highs (mania or hypomania) and lows (depression).

Population

The total number of individuals or entities within a specified area or belonging to a particular group.