Which of the Following Is Not a Reason Why the Wages

question 81

Multiple Choice

Which of the following is not a reason why the wages of workers and the prices of inputs rise more slowly than the prices of final goods and services?

• A)Contracts make prices and wages "sticky."
• B)Firms are often slow to adjust wages.
• C)Menu costs make some prices sticky.
• D)Unions are successful in pushing up wages.

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Definitions:

Psychological Phenomenon

An observable event that is a manifestation of mental or behavioral processes.

Adolescence

Adolescence is the transitional stage from childhood to adulthood that occurs from puberty to legal adulthood, characterized by significant physical, psychological, and social changes.

Independent

Free from outside control; not depending on another's authority, or in research, a variable that is manipulated to observe its effect on a dependent variable.

Self-Supporting Adult

An individual who has achieved economic independence and can financially sustain themselves without relying on others.