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Author Question: The relative-wage explanation for the existence of downwardly sticky wages emphasizes (Read 89 times)

hbsimmons88

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on: Apr 19, 2019

Question 1

Suppose that airline workers are laid off during a recession because of an unspoken agreement between airline workers and airline executives that wages will not be reduced. This example is consistent with the


◦ relative-wage explanation of unemployment.
◦ explicit contract explanation of unemployment.
◦ implicit contract explanation of unemployment.
◦ efficiency wage explanation of unemployment.

Question 2

The relative-wage explanation for the existence of downwardly sticky wages emphasizes


◦ unspoken agreements between workers and firms that firms will not cut wages.
◦ the incentive that firms may have to hold wages above the market clearing rate.
◦ employment contracts that stipulate workers' wages, usually for a period of one to three years.
◦ the contention that workers in one industry may be unwilling to accept a wage cut, unless they know that workers in other firms and industries are receiving similar cuts.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by hbsimmons88 on Apr 19, 2019

janeli1

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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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hbsimmons88

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

dantucker

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Reply 3 on: Yesterday
Gracias!

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