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Other Fields Homework Help Economics Topic started by: Cuba on Jun 18, 2015



Title: Which of the following is a reason for the existence of sticky wages?
Post by: Cuba on Jun 18, 2015
Which of the following is a reason for the existence of sticky wages?
A) Cutting wages during an economic downturn is illegal.
B) Some wages are set by contract.
C) Increasing wages means reduced profits during economic expansions.
D) By law, if one worker's wages are changed, all workers' wages must be changed.


Title: Re: Which of the following is a reason for the existence of sticky wages?
Post by: IloveChi on Aug 26, 2015
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Title: Re: Which of the following is a reason for the existence of sticky wages?
Post by: Cuba on Aug 31, 2015
I have a major exam next week. Thank you for taking the time to answer. Problem solved.


Title: Re: Which of the following is a reason for the existence of sticky wages?
Post by: IloveChi on Aug 31, 2015
You're welcome.

Feels nice to be right :p