Wages Tend to Be Sticky

question 34

Multiple Choice

Wages tend to be sticky

• A)because of contracts,social norms,and notions of fairness.
• B)because of contracts,but not social norms or notions of fairness.
• C)because of social norms and notions of fairness,but not contracts.
• D)None of the above are correct.

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Definitions:

Personal Distress

Emotional discomfort or pain experienced by an individual, which can stem from various psychological, social, or physiological sources.

Panic Disorder

A psychiatric disorder characterized by sudden, repeated episodes of intense fear accompanied by physical symptoms that may include chest pain, heart palpitations, shortness of breath, dizziness, or abdominal distress.

Mania

A mental disorder marked by periods of great excitement, euphoria, delusions, and overactivity.

Acrophobia

An intense fear of heights, often leading to avoidance of high places and significant distress in situations where encountering them is unavoidable.