Most Economists Have Argued That the Persistence of High Unemployment

question 9

Multiple Choice

Most economists have argued that the persistence of high unemployment despite New Deal policies

• A) constitutes a complete repudiation of New Deal policies.
• B) was the result of "sticky" wages.
• C) was in part the result of pressures from government to maintain wages.
• D) Both b and c are correct.

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Definitions:

Individual Performance

Individual performance refers to the level at which an employee accomplishes their assigned duties and tasks, often evaluated in the context of their role within an organization.

Pay Plans

Systems or structures used by organizations to compensate employees, including wages, salaries, bonuses, and incentives.

Stock Plan Types

Various programs offered by companies to employees, allowing them to purchase company shares at favorable terms, such as Employee Stock Ownership Plans (ESOPs) or Stock Option Plans.

Suggestion Systems

Formal mechanisms within organizations where employees can propose ideas or improvements, often aimed at increasing efficiency or solving problems.