Assume That Workers and Businesses Are Sensitized to Inflation and Are

question 125

Multiple Choice

Assume that workers and businesses are sensitized to inflation and are quick to raise wages and prices in response to changes in the money supply. This implies that inflation is _____ and there are _____ adjustments of wages and prices of intermediate goods.

• A) high; quick
• B) low; quick
• C) high; slow
• D) low; slow

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Definitions:

Outcome Evaluation

A process of systematically assessing the results of a program or intervention to determine its effectiveness in achieving intended goals.

Firing

The act of terminating someone's employment due to various reasons, such as performance issues, misconduct, or organizational changes.

Empathically

Acting with an understanding of and sensitivity to another's feelings or emotions.

Terminate Services

The process of ending the professional relationship or services provided to a client, typically when goals have been met or under circumstances requiring discontinuation.