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Author Question: Suppose that due to an increase in the price of steel, Chrysler had to raise prices on its ... (Read 62 times)

Shelles

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on: Apr 19, 2019

Suppose that due to an increase in the price of steel, Chrysler had to raise prices on its automobiles, and as a result its sales declined. Due to the decline in sales, Chrysler chose to lay off some employees rather than cut employee wages because of an unspoken agreement between its employees and Chrysler executives that wages would not be reduced. This example is consistent with the


◦ relative-wage explanation of unemployment.
◦ implicit contract explanation of unemployment.
◦ explicit contract explanation of unemployment.
◦ efficiency wage explanation of unemployment.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by Shelles on Apr 19, 2019

Rilsmarie951

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Shelles

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Reply #2 on: Apr 19, 2019
Excellent


Rilsmarie951

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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