If Workers Push for Wages That Are Beyond What Productivity

question 73

Multiple Choice

If workers push for wages that are beyond what productivity gains can justify ________.

• A)a temporary negative supply shock ensues driving up prices
• B)a negative output gap ensues which will lead to higher unemployment if the Federal Reserve does not act
• C)and the Federal Reserve eases monetary policy aimed at increasing aggregate demand to counter the negative supply shock,a price-wage spiral could ensue
• D)all of the above
• E)none of the above

Understand consumer protection laws and their impact on sales, warranties, and deceptive practices.

Analyze the role and limitations of the Sale of Goods Act concerning negotiation and title transfer.

Recognize the legal ramifications of defective goods and the avenues for recourse available to consumers and businesses.

Understand the legal framework around negotiable instruments, including cheques and drafts, and the rights of parties involved.

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