When Wages Are Set by Contract,inflation

question 18

Multiple Choice

When wages are set by contract,inflation

• A)reduces real wages;this likely makes labor markets more flexible.
• B)reduces real wages;this likely makes labor markets less flexible.
• C)raises real wages;this likely makes labor markets more flexible.
• D)raises real wages;this likely makes labor markets less flexible.

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Definitions:

Perception Checking

Asking someone whether your interpretation of his or her nonverbal behavior is accurate.

Regulators

Nonverbal messages that help to control the interaction or flow of communication between two people.

Expressive

Characterized by the ability or tendency to openly and effectively convey thoughts, feelings, and emotions.

Cognitive

Pertains to the processes involved in thinking, understanding, learning, and remembering.