We Don't Typically See Wages __________ in Response to an Economic

question 101

Multiple Choice

We don't typically see wages __________ in response to an economic downturn because ____________.

• A) rise; they are "sticky," and are slow to respond to shifts in the economy
• B) rise; they cannot rise above the equilibrium in any circumstance
• C) fall; they are "sticky" and are slow to respond to shifts in the economy
• D) fall; they cannot fall below where they were previously set due to inflation

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Definitions:

Alternative-Choice Close

A sales technique where the salesperson presents the prospect with two choices, both leading to a sale, aiming to simplify the decision-making process.

Two Options

In decision making, presenting specifically two choices for easier selection or comparison.

Prospect

A prospect is a potential customer or client who has been identified as fitting a target market or criteria for a product or service.

Motivate

To inspire, stimulate, or encourage an individual or group to take action or to enhance their performance through incentives or intrinsic rewards.