Wages Are Sticky When

question 149

Multiple Choice

Wages are sticky when

• A) labor unions have set wages for a certain period of time.
• B) they are not changed as often as prices.
• C) they are set according to inflation expectations that end up differing from actual inflation rates.
• D) Each of these answers is correct.

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Definitions:

Trigonometry

A branch of mathematics that studies the relationships between the sides and angles of triangles.

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Predefined instructions in mathematics or chemistry that provide a method for solving problems or equations.

Imagery

The use of descriptive language to create mental images for the reader or listener, enhancing the sensory experience of a text.

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A method of memory enhancement which uses visualizations with the use of spatial memory, familiar information about one's environment, to quickly and efficiently recall information.