Because efficiency wage theory deals with the consequences of a change in a firm's ________ wage, if all wages were indexed to nominal aggregate demand the theory would be ________
A) absolute, even more appropriate
B) absolute, rendered inappropriate
C) relative, even more appropriate
D) relative, rendered inappropriate
D
Economics
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Variable costs are
A. sunk costs. B. costs that change with the amount of output a firm produces. C. costs that change every day. D. the change in total cost associated with the production of an additional unit of output.
Economics
The free-rider problem may arise in case of ________
A) public goods B) private goods C) club goods D) inferior goods
Economics
Picture the curve. The total revenue curve originates at the origin
Indicate whether the statement is true or false
Economics
A decrease in taxes on interest income would increase the interest rate
a. True b. False Indicate whether the statement is true or false
Economics