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

question 127

Multiple Choice

If workers and employers agree to a three-year wage contract expecting 3% inflation and inflation turns out to be 5%,then

• A) workers gain;employers gain.
• B) workers gain;employers lose.
• C) workers lose;employers gain.
• D) workers lose;employers lose.
• E) neither workers nor employers are affected by the unexpectedly high inflation.

---

Definitions:

Depression

A common psychological condition involving persistent sadness, loss of interest in activities, and may include various emotional and physical problems.

Norepinephrine

A neurotransmitter and hormone involved in the body's fight or flight response, affecting heart rate, blood pressure, and levels of arousal and alertness.

Unhealthy Importance

Excessive significance or priority given to something that may negatively affect one's mental or physical wellbeing.

Heavy Makeup

The application of cosmetic products in a thick or exaggerated manner, often to alter or enhance one's appearance significantly.