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QUESTION
Higher prices cause workers to demand higher wages. When labor costs rise, it causes a self-perpetuating form of costpush inflation. Right Points...
B. Higher prices cause workers to demand higher wages. A. When labor costs rise, it causes a self-perpetuating form of costpush inflation. Right Points Earned: 1/1 Correct Answer: D Your Response: D 4. Which of the following is an accurate explanation of the wage-price spiral? A. When labor costs rise, it causes a self-perpetuating form of costpush inflation. B. Higher prices cause workers to demand higher wages.
