Multiple Choice
According to Keynes, the "stickiness" of wage rates could best be explained by
A) minimum wage laws.
B) unions and long-term labor contracts.
C) short-term labor contracts.
D) government interference.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q319: In the classical model, an increase in
Q320: The discovery of new oil deposits will
Q321: Refer to the above figure. Which point
Q322: In the classical model,<br>A) unemployment will never
Q323: According to the classical theory, the aggregate
Q325: A temporary increase in the price of
Q326: In an economic downturn, sticky wages and
Q327: Individuals will increase their saving as<br>A) the
Q328: Refer to the above figure. Suppose the
Q329: A short-lived increase in oil prices caused