Social Studies, 24.11.2021 14:00 Christyy9608
Because of low unemployment rates in the country, employers offer higher wages. To meet their higher payroll costs and maintain profits, they charge consumers more for goods and services. What are the likely consequences?
a prolonged period of deflation
demand-pull inflation
a wage-price spiral of ever-increasing prices
increasing numbers of people living on a fixed income
Answers: 2
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Because of low unemployment rates in the country, employers offer higher wages. To meet their higher...
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