Wage Rigidity

question 22

Multiple Choice

Wage rigidity:

• A) forces labor demand to equal labor supply.
• B) is caused by sectoral shifts.
• C) prevents labor demand and labor supply from reaching the equilibrium level.
• D) increases the rate of job finding.

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Definitions:

Reactions

Responses of an organism to internal or external stimuli.

Fixed-Interval Schedules

A reinforcement schedule where rewards are provided after a constant, specific period of time has passed, encouraging a pattern of response.

Ethanol

A chemical compound, often referred to as alcohol, used in beverages, as a fuel additive, and in the manufacture of a wide range of products.

Nucleus Accumbens

A brain structure known for its role in the reward circuit, associated with pleasure, addiction, and fear.