If Workers Push for Wages That Are Beyond What Productivity

question 73

Multiple Choice

If workers push for wages that are beyond what productivity gains can justify ________.

• A)a temporary negative supply shock ensues driving up prices
• B)a negative output gap ensues which will lead to higher unemployment if the Federal Reserve does not act
• C)and the Federal Reserve eases monetary policy aimed at increasing aggregate demand to counter the negative supply shock,a price-wage spiral could ensue
• D)all of the above
• E)none of the above

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Definitions:

NLRB

The National Labor Relations Board, an independent US federal agency charged with enforcing US labor law in relation to collective bargaining and unfair labor practices.

EEOC

The Equal Employment Opportunity Commission, a federal agency that enforces laws against workplace discrimination.

Title VII

Part of the Civil Rights Act of 1964, which prohibits employment discrimination based on race, color, religion, sex, or national origin.

Gender Identity

An individual's personal sense of their own gender, which may or may not correspond with the sex assigned at birth.