Which of the Following Is a New Keynesian Explanation of Wage

question 123

Multiple Choice

Which of the following is a New Keynesian explanation of wage and price stickiness must be discounted?

• A)overlapping wage contracts
• B)menu costs
• C)efficiency wages
• D)all of the above

---

Definitions:

Productivity Obstacle

Any factor that impedes or inhibits the efficient accomplishment of tasks or achievement of goals, leading to reduced productivity.

Poor Communication

Ineffective exchange of information that leads to misunderstandings, errors, or conflict, hindering progress and relationships.

Clear Objectives

Precisely defined goals that are intended to guide actions and decision-making.

Productivity

The measure of efficiency in which goods and services are produced, often quantified as output per unit of input.