Wages Tend to Be "Sticky" Because

question 87

Multiple Choice

Wages tend to be "sticky" because:

• A) contracts are often negotiated for long periods of time and cannot be easily changed.
• B) workers are less likely to work hard if their pay may be cut due to market performance.
• C) changing wages create uncertainty and cost employers a lot of time and energy.
• D) All of these are reasons why wages might be sticky.

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Definitions:

Visual World

The complex and dynamic perception of the environment and objects around us through the sense of sight.

Innate

Describes characteristics or abilities present from birth, not acquired through experience.

Inner Ear Membrane

A delicate structure within the inner ear that plays a crucial role in hearing and balance, responding to sound waves and head movements.

Audition

The sense or act of hearing.