________ is a possible result of low unemployment because wages become higher and thus the cost of goods increases.

Question

Quizplus · Accepted Answer

When unemployment is low, competition for workers increases and employers offer higher wages to attract and retain employees. This can lead to an increase in the overall cost of goods and services, as businesses pass on the higher labor costs to consumers. This is known as inflation.

________ Is a Possible Result of Low Unemployment Because Wages