If workers believe that government policymakers will increase aggregate demand to avoid a politically unpopular increase in unemployment when workers demand higher wages, then workers will not fear higher unemployment and their wage demands will

result in A) demand-pull inflation.
B) hyperinflation.
C) deflation.
D) cost-push inflation.

D

Economics

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The government imposes a sales tax on hot dogs. The tax would be paid entirely by the hot dog buyers if the

A) supply is perfectly elastic. B) supply is perfectly inelastic. C) demand is perfectly elastic. D) None of the above answers is correct.

Economics

The supply of labor to the individual firm in a perfectly competitive market is

A) perfectly inelastic at the current equilibrium employment level. B) perfectly elastic at the current market clearing wage rate. C) downward sloping. D) equal to the marginal revenue of output.

Economics