Wage Setting

question 9

Multiple Choice

Wage setting

• A)is based only on wages expected to be paid elsewhere.
• B)depends on both expected inflation and relative wages.
• C)occurs without regard to inflation or wages being paid by other firms.
• D)is based only on expected inflation.
• E)is based only on the previous period's wages.

---

Definitions:

Unconditioned Response

A spontaneous, innate response to a stimulus that happens without any previous learning or conditioning.

Unconditional Reinforcement

Unconditional reinforcement refers to a method of reinforcing desired behavior by consistently providing a positive outcome, without any conditions.

Unconditional Retention

Unconditional retention often refers to the total retention or memorization of information without conditions or contingencies.

Unconditioned Stimulus

In classical conditioning, an unconditioned stimulus is something that naturally and automatically triggers a response without any learning needed, such as food causing salivation in dogs.