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Other Fields Homework Help Economics Topic started by: NYC on Jan 12, 2016



Title: Suppose that flight attendants are laid off during a recession because of an unspoken agreement betw
Post by: NYC on Jan 12, 2016
Suppose that flight attendants are laid off during a recession because of an unspoken agreement between the flight attendants and airline executives that wages will not be reduced. This example is consistent with the:
A) explicit contract explanation of unemployment.
B) relative-wage explanation of unemployment.
C) implicit contract explanation of unemployment.
D) efficiency wage explanation of unemployment.


Title: Re: Suppose that flight attendants are laid off during a recession because of an unspoken agreement
Post by: Jesslyn on Jan 23, 2016
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Title: Re: Suppose that flight attendants are laid off during a recession because of an unspoken agreement betw
Post by: NYC on Jan 28, 2016
Perfect answer, thank you