The Sticky-Wage Theory of the Short-Run Aggregate Supply Curve Says

question 52

Multiple Choice

The sticky-wage theory of the short-run aggregate supply curve says that when the price level is lower than expected,

• A)relative to prices wages are higher and employment rise.
• B)relative to prices wages are higher and employment falls.
• C)relative to prices wages are lower and employment rises.
• D)relative to prices wages are lower and employment falls.

Understand the role of individual personality traits in conflict and conflict resolution.

Identify the impact of resource limitations on conflict.

Understand the communication flow within organizations and its impact on conflict resolution.

Understand the historical development and key figures in I/O psychology.

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Definitions:

Flooding

In psychology, a therapeutic technique involving exposure to a large amount of an undesirable stimulus in order to diminish the emotional response.

Intrapersonal

Relates to internal thought processes, personal values, and self-reflection within an individual.

Cognition

The mental action or process of acquiring knowledge and understanding through thought, experience, and the senses.

Affects

Refers to the experience of feeling or emotion in psychological context.