One Assumption of the New Classical Model Is That

question 65

Multiple Choice

One assumption of the new classical model is that

• A)money wage rates are rigid.
• B)people make rational expectations about aggregate demand.
• C)markets are not purely competitive.
• D)prices are "sticky" upward.

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Definitions:

Emotional Labour

The effort required to manage and express emotions in a way that fulfills the emotional requirements of a job.

Display Rules

Culturally based guidelines that dictate the appropriate expressions of emotions for a given situation or role.

Discrepancy Theory

A theory that job satisfaction stems from the discrepancy between the job outcomes wanted and the outcomes that are perceived to be obtained.

Job Dissatisfaction

A negative emotional response towards one's job, resulting from a discrepancy between job expectations and realities.