If the Anticipated Rate of Inflation Is 5 Per Cent

question 180

Multiple Choice

If the anticipated rate of inflation is 5 per cent and workers agree to a wage increase of 4 per cent,if the anticipated rate occurs,then nominal wages will

• A) fall by 1 per cent.
• B) rise by 4 per cent.
• C) rise by 5 per cent.
• D) fall by 5 per cent.

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Definitions:

Work Organization

A structure established to arrange the roles, responsibilities, and relationships within a workplace, ensuring that the goals and objectives are efficiently met.

Bureaucratic

Relating to or characteristic of a bureaucracy, often implying a complex system of administration marked by officialism, hierarchy, and inflexibility.

Voluntary Part-time Workers

Individuals who choose to work hours less than the standard full-time work schedule, not due to economic necessity but personal choice.

Official Statistics

Quantitative data and information collected and published by governmental agencies or institutions for economic, demographic, and social analysis.