Answer:
The answer is letter B, Workers went on strike for higher wages.
Explanation:
In order to know more about the answer, it is best to learn what "inflation" is.
Inflation- In economics, inflation is defined as a sustained increase in the general price level of all goods and services. This occurs over a long period of time. This causes stress on the economy of a country.
What happens when there's inflation?
One simple effect of inflation is the buying power of consumers. Once the prices of goods and services increase, consumers will have a hard time purchasing them. In order to combat this, consumers (including workers in the industry), will demand for higher wages by going on labor strike.
Why do people need to go on labor strike?
The workers need to do it so their voices will be heard. They may stop working. This is one attempt so workers can gain concession from their employers. Once their employers agree to increase their wages, they will stop going on strike. They will then have more money to purchase goods and services. This explains why letter B is the answer.
