Nominal Wages Are Sticky Because

question 294

Multiple Choice

Nominal wages are sticky because:

• A) wages are slow to rise when there are labour shortages and slow to fall even when the level of unemployment is significant.
• B) wages remain fixed in the long run,increasing the profitability of the firms.
• C) wages are slow to fall when there are labour shortages and slow to rise even when the level of unemployment is significant.
• D) in the long run all wages are adjusted for inflation.

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Definitions:

Enteric Nervous System

A subdivision of the autonomic nervous system that directly controls the gastrointestinal system.

Symmetry

Symmetry refers to a balance or congruence in dimensions, shape, and arrangement of parts on opposite sides of a boundary or through a central axis, which can be observed in physical objects, organisms, and designs.

Asymmetry

The lack of equality or equivalence between parts or aspects of something; not symmetrical.

Minimally Conscious State

A condition of severely altered consciousness in which minimal but definite behavioral evidence of self or environmental awareness is demonstrated.