When Inflation Is Very Low,how Do Workers and Firms Adjust

question 66

Multiple Choice

When inflation is very low,how do workers and firms adjust their expectations of inflation?

• A)They rapidly adjust their expectations of inflation upward.
• B)They rapidly adjust their expectations of inflation downward.
• C)They tend to ignore inflation.
• D)They are more aggressive in asking for wage and price increases.

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Definitions:

Ethical Conduct

The practice of behaving in a manner consistent with accepted moral principles and standards.

Personal Records Confidential

The principle that personal information held by organizations should be kept secure and private from unauthorized access.

Right of Privacy

The right of individuals to keep their personal information confidential and protected from unauthorized disclosure.

Employer

An individual or organization that hires and pays for the services of workers to perform specific tasks.