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

question 126

Multiple Choice

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

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

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Definitions:

Intervention

A strategic action or process aimed at influencing a situation or outcome, typically intended to help or improve a condition or problem.

Resolution

The act of finding a solution to a conflict, problem, or contentious issue.

Cambodian Refugees

Individuals who fled Cambodia due to war, persecution, or other disturbances, particularly after the rise of the Khmer Rouge regime in the 1970s.

Culturally Competent

Having the awareness, knowledge, and skills to interact effectively and respectfully with people of different cultures.