In the list of tokens, identify 'Person', 'Location', and 'Organisation' and label each accordingly. If the entity spans multiple tokens, use the prefix B-PER, B-LOC, or B-ORG for the first token, and I-PER, I-LOC, or I-ORG for the subsequent tokens of that entity. The beginning of each separate entity should always be labeled with a B-PER, B-LOC, or B-ORG prefix. If the token does not fit into any of the three named categories, or is not a named entity, label it as 'O'. Each line should contain one token and its corresponding label, separated by a colon. Do not combine tokens on your own. The format for each line should be: 'token:label'.

Text: Both
employers
and
employees
have
been
acting
rationally
,
responding
only
to
what
they
believe
are
changes
in
long
-
term
inflation
rates
and
not
temporary
blips
in
commodity
prices
.
Answer: 
Both:O
employers:O
and:O
employees:O
have:O
been:O
acting:O
rationally:O
,:O
responding:O
only:O
to:O
what:O
they:O
believe:O
are:O
changes:O
in:O
long:O
-:O
term:O
inflation:O
rates:O
and:O
not:O
temporary:O
blips:O
in:O
commodity:O
prices:O
.:O