All of the Following Are Reasons Why the Wages of Workers

question 3

Multiple Choice

All of the following are reasons why the wages of workers and the prices of inputs rise more slowly than the prices of final goods and services except

• A)unions are successful in pushing up wages.
• B)firms are often slow to adjust wages.
• C)contracts make prices and wages sticky.
• D)menu costs make some prices sticky.

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Definitions:

Social Security Number

A unique nine-digit number issued to U.S. citizens, permanent residents, and temporary (working) residents under section 205(c)(2) of the Social Security Act, used for tracking individuals for Social Security and other purposes.

Suspicious Behavior

Actions or patterns of activity that may indicate a potential threat or wrongdoing.

Red Flag Incident

A warning or indication of a potential problem, danger, or impending trouble, often used in a context where prompt attention is required.

Teletype (TTY) Device

A specially designed telephone that looks very much like a laptop computer with a cradle for the receiver of a traditional telephone. It is used by the hearing impaired to type communications onto a keyboard.