Multiple Choice
Which of the following pairs help explain why self-correction from a decline in aggregate demand in the economy may be slow rather than rapid?
A) Theory of compensation wage differentials;theory of derived demand for labor.
B) Efficiency wage theory;insider-outsider theory.
C) Insider-outsider theory;principle-agent problem.
D) Externalities;efficiency wage theory.
Correct Answer:
Verified
Correct Answer:
Verified
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