Economics for Today
Quiz 1 :
Thinking like an economist
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Q54 Q54 Q54
The Minister for Employment states that wage rates in the country have risen by 2 per cent in the past year.The head of a local labour union argues that wages have to be increased more to match the 3 per cent rate of inflation.The Minister's statement is a _____ economic statement and the union head's statement is a _____ economic statement.