A Reason That Nominal Wages Might Be Sticky Is

question 39

Multiple Choice

A reason that nominal wages might be sticky is:

• A)the government sets all wages.
• B)contracts between workers and employers.
• C)people having incomplete information about wages at other jobs.
• D)all of the above.

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Definitions:

Charles Spearman

A British psychologist known for his work in statistics and intelligence, especially for Spearman's rank correlation coefficient and the concept of 'g' or general intelligence.

General Intelligence

A concept suggesting that individuals possess a single, overall measure of mental capability that affects performance on different cognitive tasks.

WAIS-IV

The Wechsler Adult Intelligence Scale-Fourth Edition, a widely used test designed to measure intelligence and cognitive ability in adults.

Reliable

Pertaining to the consistency and dependability of a result or measurement.