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.

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Definitions:

Corporate Ladder

The corporate ladder is a metaphor for the hierarchical structure within a company or organization, representing the potential upward mobility through promotions and career advancement.

Homosexual Men

Men who are romantically or sexually attracted to other men.

Effeminate

A term used to describe a man who exhibits traits traditionally associated with femininity.

Foucault

Refers to Michel Foucault, a French philosopher who explored the relationships between power, knowledge, and social institutions.