Examlex
The wage rate will fall and firms will increase employment to the point where MRP equals the new wage rate if
Decision Unanimity
The condition in which all members of a group or decision-making body agree on a particular decision or outcome.
Groupthink
A psychological phenomenon that occurs within a group of people when the desire for harmony or conformity results in irrational or dysfunctional decision-making outcomes.
Self-Censorship
The act of withholding one's own speech or expression due to the fear of social or official repercussions.
Authority Rule
The power or right assigned to an individual or body to make decisions, enforce rules, and command obedience within a specified sphere.
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