Wages Tend to Be Sticky

question 34

Multiple Choice

Wages tend to be sticky

• A)because of contracts,social norms,and notions of fairness.
• B)because of contracts,but not social norms or notions of fairness.
• C)because of social norms and notions of fairness,but not contracts.
• D)None of the above are correct.

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Definitions:

Consolidated Revenues

The total revenue generated by a corporation and its subsidiaries, reported as one amount in the consolidated financial statements.

Common Stock

A type of equity security that represents ownership in a corporation, entitling holders to vote on corporate matters and typically to receive dividends.

Fair Value

The estimated market price of an asset or liability, based on current market conditions and arm’s length transactions, used for financial reporting purposes.

Equipment

Tangible property used in operations, such as machinery and computers.