On the Issue of Whether or Not a Little Inflation

question 64

Multiple Choice

On the issue of whether or not a little inflation helps reduce unemployment:

• A) Economists generally agree that it does, because a little inflation enhances firm's profitability
• B) Economists generally agree that it does not, because wages will rise along with inflation
• C) The issue is still hotly debated by opposing camps of economists
• D) The issue is largely settled in that inflation does not affect unemployment at all

---

Definitions:

Labour Relations

The study and practice of managing relationships between employers and employees, often focusing on collective bargaining, worker rights, and dispute resolution.

Emergent Role

A role that is not officially designated but develops naturally based on group dynamics and individual strengths within a team.

Designated Role

The officially assigned role or responsibility given to an individual in a group or organization, typically outlined in a job description.

Formal Organizational Status

The officially recognized position or rank of an entity within an organizational structure.