The Social Contract Explanation for the Existence of Downwardly Sticky

question 79

Multiple Choice

The social contract explanation for the existence of downwardly sticky wages focuses on

• A) employment contracts that stipulate workers' wages, usually for a period of one to three years.
• B) the contention that workers in one industry may be unwilling to accept a wage cut, unless they know that workers in other industries are receiving similar cuts.
• C) unspoken agreements between workers and firms that firms will not cut wages.
• D) the incentive that firms have to hold wages above the market clearing rate.

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Definitions:

Range of Motion (ROM)

The full movement potential of a joint, usually its range of flexion and extension.

Flexibility

The quality of bending easily without breaking, often referring to the range of motion available in a joint or series of joints.

Maintain Balance

The process or act of keeping things in a steady state or equilibrium.

Ambulatory Aids

Equipment designed to assist individuals in walking or improving mobility.