According to the Relative-Wage Explanation of Unemployment, Workers Will Be

question 285

Multiple Choice

According to the relative-wage explanation of unemployment, workers will be willing to accept wage cuts only if

• A) they know that unemployment is increasing in other industries.
• B) they can be convinced that they are overpaid relative to workers doing similar jobs at other firms.
• C) they know that workers in other firms and industries are receiving similar cuts.
• D) the economy is in a prolonged recession.

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Definitions:

Insight Therapy

A form of psychotherapy that aims to increase a patient's awareness of underlying motives and defenses to facilitate change.

Aversive Conditioning

A type of behavior conditioning where an undesirable behavior is paired with an unpleasant stimulus to reduce the occurrence of that behavior.

Systematic Desensitization

A behavior therapy used to gradually reduce phobia or anxiety through controlled exposure to the feared object or situation.

Harmless Stimulus

A stimulus that does not cause pain or damage and is not threatening.