Multiple Choice
Which of the following statements is correct?
A) If a contract is stated in nominal terms,unanticipated inflation will increase the value of the contract.
B) COLAs adjust wage levels to take into account the consumer price index.
C) Whenever inflation is unanticipated,it affects prices and wages the same,so workers' purchasing power remains unchanged.
D) Unanticipated inflation means that all prices are rising at the same rate.
Correct Answer:
Verified
Correct Answer:
Verified
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