Wages for some workers do fall during a recession, but it is often:
A. too small of a wage decrease to contribute to economic recovery.
B. only after the worker's current contract expires.
C. only after the worker receives an annual performance evaluation.
D. only after the worker is fired and gets rehired elsewhere at a lower wage.
Ans: D. only after the worker is fired and gets rehired elsewhere at a lower wage.
You might also like to view...
Which of the following is TRUE about a perfect price discriminating monopolist?
A) Price is greater than marginal revenue. B) Price always exceeds marginal cost. C) The firm makes zero economic profit. D) The firm produces the efficient level of output.
Which of the following can be a renewable resource?
a. oil b. timber c. coal d. iron ore e. uranium
The largest component of aggregate expenditure is _____
a. government purchases b. transfer payments c. imports d. consumption e. investment
The type of good with the largest import in the U.S. is:
A. capital goods. B. consumer goods. C. industrial goods. D. automobiles.