Sticky Wages Occur Because

question 6

Multiple Choice

Sticky wages occur because:

• A) the government intervenes in the labor market.
• B) the market for labor is competitive.
• C) some wages can only be changed at the end of contracts, as opposed to final good prices, which can change anytime.
• D) All of these are true.

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Definitions:

Sublimation

A defense mechanism proposed by Freud, involving the redirection of unacceptable impulses into socially acceptable behaviors or interests.

Oedipus Complex

A psychological theory by Sigmund Freud that describes a child's feelings of desire for the opposite-sex parent and jealousy toward the same-sex parent.

Psychosexual Stage

Stages proposed by Freud detailing the sexual development and maturation process from childhood through adulthood.

Opposite-Sex Parent

A child's parent of the gender different from their own, often discussed in the context of developmental psychology.