Which of the Following Is Not a Reason Why Wages

question 114

Multiple Choice

Which of the following is not a reason why wages respond slowly to changes in output?

• A) Many labor contracts specify wages for up to three years.
• B) The process of wage setting in large corporations is slow moving.
• C) Frequent wage changes can reduce worker morale and reduce productivity.
• D) Firms benefit from having a reputation of paying stable wages.
• E) The labor supply and demand curves move rapidly to clear labor markets.

Determine monthly deposit amounts needed to reach financial goals.

Apply the concept of continuous compounding to calculate future values.

Evaluate investment opportunities using present value and future value concepts.

Understand and calculate the effective annual rate (EAR) for mortgages and loans.

---

Definitions:

Counting Objects

The act of determining the total number of items in a collection by assigning a unique number to each item.

Assistance

The act of helping or providing aid to someone.

Behavior Modification

A therapeutic approach that seeks to change undesirable behaviors through the systematic use of reinforcement and punishment.

Problem Behaviors

Actions or behaviors that are socially unacceptable, disruptive, or harmful to oneself or others.