In order to alleviate sticky wages produced in a manner consistent with the efficiency wage theory, markets
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Question:
In order to alleviate sticky wages produced in a manner consistent with the efficiency wage theory, markets would need to
a. allow for more frequent wage negotiations between employers and employees
b. index long-term contract to inflation
c. make it harder for labor unions to organize
d. remove the minimum wage
e. there are no corrective measure to alleviate this type of wage stickiness.
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
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