Which of the following does NOT explain the relatively low price inflation compared to the higher wage inflation in the U.S.during the 1990s?

Question

Quizplus · Accepted Answer

An increase in the natural rate of unemployment would lead to a decrease in wage inflation, but it would not have a direct impact on price inflation. The appreciation of the dollar, reduction in benefits paid to workers, and reduction in the price of oil would all contribute to lower price inflation.

Which of the Following Does NOT Explain the Relatively Low