During Recessions,workers Resist Efforts to Reduce Nominal Wages Because

question 29

Multiple Choice

During recessions,workers resist efforts to reduce nominal wages because

• A)they believe wage reductions are inefficient
• B)they care more about nominal wages than about real wages
• C)they worry that they will not qualify for unemployment benefits
• D)they would rather be unemployed than accept a lower nominal wage
• E)of the difficulty of coordinating wage cuts on a large scale

---

Definitions:

Impersonality

The quality of being devoid of personal feeling or bias, often associated with objectivity or detached professionalism.

Division of Labor

The assignment of different tasks to different people or groups in an organization to increase efficiency and productivity.

Span of Control

The number of subordinates or units that a manager or leader can directly control or supervise effectively.

Horizontal Specialization

The division of work in an organization into distinct tasks, with each employee or department focusing on a specific subset of activities, promoting expertise in those functions.