Assume the economy is enduring a period of higher than usual inflation. What will union representatives most likely rely on to protect the financial well-being of their members during this time?
A) Incentive pay raises
B) Seniority
C) Decreasing profits
D) Overtime pay
E) Cost-of-living clause

Question

Quizplus · Accepted Answer

During a period of higher than usual inflation, union representatives would most likely rely on cost-of-living clauses to protect the financial well-being of their members. Cost-of-living clauses are provisions that tie wages to the rate of inflation, ensuring that workers' pay keeps pace with the rising cost of living. This helps to protect workers' purchasing power and maintain their standard of living.

Assume the Economy Is Enduring a Period of Higher Than