The Efficiency Wage Model Is an Explanation of Wage __________

question 105

Multiple Choice

The efficiency wage model is an explanation of wage __________ and thus a support for the ____________________ view.

• A) flexibility; Keynesian
• B) flexibility; classical
• C) inflexibility; Keynesian
• D) inflexibility; classical

---

Definitions:

Moral Liberty

The freedom to act in accordance with one's moral principles and beliefs, often considered a key aspect of individual autonomy and ethical life.

Natural Liberty

A philosophical concept referring to the freedom from artificial constraints and the ability to act according to one's own will and reason in the pursuit of happiness and well-being.

Roger Williams

A Puritan minister, theologian, and founder of the colony of Rhode Island, he is known for his advocacy for religious freedom and separation of church and state in the early 17th century.

Anne Hutchinson

A Puritan spiritual adviser, mother of 15, and an important participant in the Antinomian Controversy that shook the infant Massachusetts Bay Colony from 1636 to 1638.