All of the Following Are Reasons Why the Wages of Workers

question 3

Multiple Choice

All of the following are reasons why the wages of workers and the prices of inputs rise more slowly than the prices of final goods and services except

• A)unions are successful in pushing up wages.
• B)firms are often slow to adjust wages.
• C)contracts make prices and wages sticky.
• D)menu costs make some prices sticky.

---

Definitions:

Relative Motion

The movement of an object in relation to another object, considering both of their movements in a specific frame of reference.

Shape Constancy

The sensory experience in which an object's observed shape stays the same, even when the perspective or distance from which it is seen changes.

Size Constancy

A perceptual phenomenon in which the perceived size of an object remains constant despite changes in the distance from which it is observed.

Principle Of Closure

A Gestalt psychology principle stating that individuals tend to perceive incomplete figures as complete by filling in the gaps.