"Efficiency Wages" Are Said to Exist When Wages Are

question 98

Multiple Choice

"Efficiency wages" are said to exist when wages are

• A)such that cyclical unemployment is zero.
• B)such that the NAIRU is zero.
• C)high enough above market levels that workers increase their productivity.
• D)equal to the market wage.
• E)just high enough to induce a worker to take a job.

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Definitions:

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In cognitive psychology, the understanding that objects conserve properties such as number, length, and volume despite changes in the form or appearance of those objects.

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A temperament characterized by a predisposition towards anxiety, fearfulness, and shyness, particularly in unfamiliar situations.

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