What are sticky wages?
a. Wages that employers will not increase
b. Wages that respond to changes in demand
c. Wages that do not respond to changes in demand
d. Wages that do not respond to changes in supply
c. Wages that do not respond to changes in demand
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Fannie Mae and Freddie Mac both
A) sell bonds to investors and use the funds to purchase mortgages. B) help regulate the banking system. C) directly lend funds to people seeking mortgages. D) reduce access to funds for mortgages by purchasing existing mortgages.
The American Federation of Labor (AFL)
A. became the nation's predominant labor organization in the 1930s. B. had a main goal in the first decades of its existence of the formation of small producers' cooperatives. C. originally organized unions along craft lines as opposed to industrial lines. D. and the Congress of Industrial Organizations (CIO) split up in 1955.