If Wages and Prices Are Flexible,then a Recession Is Best

question 125

Multiple Choice

If wages and prices are flexible,then a recession is best eliminated when prices

• A)And wages both rise.
• B)And wages both fall.
• C)Rise and wages drop.
• D)Drop and wages rise.

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Definitions:

Global Strategy

A comprehensive plan developed by a business to compete and succeed in international markets.

Working Conditions

The environment in which an employee works, including aspects such as safety, ergonomics, hours, and the physical setting.

Skill Requirements

The specific abilities, knowledge, and experience needed to perform a job successfully.

Wage Salary Survey

A research tool used to determine the standard rates of pay for specific positions within an industry or geographical area.