[Solved] In an Effort to Discover Whether or Not Workers Understand

Question 63
Multiple Choice

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.

10+ million students use Quizplus to study and prepare for their homework, quizzes and exams through 20m+ questions in 300k quizzes.


Explore our library and get Economics Homework Help with various study sets and a huge amount of quizzes and questions


Study sets





Upload material to get free access

Upload Now Upload Now
Upload Now

Invite a friend and get free access

Upload NowInvite a friend
Invite a friend

Subscribe and get an instant access

See our plansSee our plans
See our plans