If workers and firms forecast inflation accurately,
A. the aggregate supply curve will be vertical.
B. the real wage will not decline as the price level rises.
C. workers will not lose from inflation, and firms will not gain.
D. All of these responses are correct.
Answer: D
Economics
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An increase in wages in the public sector is always accompanied by an increase in labor productivity.
Answer the following statement true (T) or false (F)
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All of the following are stock market indexes except
A) the Dow Jones Industrial Average. B) the Russell 100 C) the Standard & Poor?s 500. D) the Wilshire 5000.
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