[Solved] In an Effort to Discover Whether or Not Workers Understand
In an effort to discover whether or not workers understand inflation, economist Robert Shiller conducted a survey.When asked about the effect of general inflation on their wages or salary, the most popular response coming from workers was:
A)"My wages usually catch up to rising prices within a year."
B)"The price increase will create extra profit for my employer....There will be no affect on my pay."
C)"My wages have always increased by more than the rate of inflation."
D)"The price increase will force my employer to reduce my pay."
E)None of the above is correct.