Which of the Following Is a Reason That Wages Are

question 19

Multiple Choice

Which of the following is a reason that wages are sometimes "sticky"?

• A) Technological changes.
• B) Labor market friction.
• C) Structural unemployment.
• D) Contractual wage agreements of unions.

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Definitions:

Innovation Lags

The delay between the inception of a new idea or technology and its implementation or widespread adoption, which can hinder progress and competitiveness.

Older Workers

Employees in the workforce who are generally considered to be close to or beyond the typical retirement age, offering valuable experience and knowledge.

Racial/Ethnic Diversity

The presence and inclusion of individuals from different racial and ethnic backgrounds within a community, organization, or society.

Older Workers

Individuals in the workforce who are above the usual age for retirement, typically demonstrating extensive experience and knowledge.