What is the most important effect of labor productivity in a cost-push inflation scenario? A. Rising productivity

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What is the most important effect of labor productivity in a cost-push inflation scenario?

A. Rising productivity indicates a strong economy and a bias toward inflation.

B. The productivity level determines the economy's status relative to its natural rate of unemployment.

C. As productivity growth proportionately exceeds wage increases, product price increases are less likely.

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Economics For Investment Decision Makers

ISBN: 9781118111963

1st Edition

Authors: Sandeep Singh, Christopher D Piros, Jerald E Pinto

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