All of the Following Are Reasons Why the Wages of Workers

question 3

Multiple Choice

All of the following are reasons why the wages of workers and the prices of inputs rise more slowly than the prices of final goods and services except

• A)unions are successful in pushing up wages.
• B)firms are often slow to adjust wages.
• C)contracts make prices and wages sticky.
• D)menu costs make some prices sticky.

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Definitions:

Discrimination Learning Stages

The phases through which an organism passes when learning to respond differently to various stimuli, improving its ability to differentiate between them.

Hull And Spence

Psychologists Clark L. Hull and Kenneth Spence are known for their contributions to behaviorist theory, especially regarding motivation and learning processes.

Stimulus Generalization

the tendency for the conditioned response to be elicited by stimuli that are similar but not identical to the conditioned stimulus.

Conditioned Inhibition

The permanent inhibition of a specific behavior as a result of the continued failure of that response to reduce the drive state; alternatively, a stimulus (CS2) may develop the ability to suppress the response to another stimulus (CS1) when the CS1 is paired with a UCS and the CS2 is presented without UCS.