The Phenomenon of Wages in Many Industries Changing Very Little

question 61

Multiple Choice

The phenomenon of wages in many industries changing very little or not at all for a year or more after a change in output is referred by economists as

• A) wage lag effect.
• B) wage stickiness.
• C) compensation inflexibility.
• D) inertia.
• E) reservation wage effect.

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Definitions:

Normal Distribution

A symmetric distribution in the shape of a bell, indicating that occurrences of data close to the mean are more common than those far from the mean.

Statistic

A statistic is a single measure of some attribute of a sample, used to infer or estimate the corresponding attribute in the population.

Pudendal Nerve

A nerve responsible for innervating and providing sensation to the external genitalia, anal region, and urethra.

Pelvic Floor

A group of muscles and ligaments in the pelvic region that support the organs of the pelvis, including the bladder and uterus.