单选题
This is because major unions have long - run contracts calling for annual wage increases no
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what economic conditions are at the time. The tendency of large corporations to rely on nonprice competition and to reduce output rather than cut prices "also keeps prices
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Furthermore, if prices do decline drastically in a field, the government is likely to step in with programs to help take excess supplies
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the market. There is little doubt that prices would decline in a severe and prolonged depression. However, government would take action to counter the resulting unemployment
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the economy reaches such a level.
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we no longer experience the downwind price pressure of a depression.