The efficiency wage model is an explanation of wage __________ and thus a support for the ____________________ view

A) flexibility; Keynesian
B) flexibility; classical
C) inflexibility; Keynesian
D) inflexibility; classical

C

Economics

You might also like to view...

A credit market instrument that provides the borrower with an amount of funds that must be repaid at the maturity date along with an interest payment is known as a

A) simple loan. B) fixed-payment loan. C) coupon bond. D) discount bond.

Economics

Relative to the United States, Europe has

A) higher unemployment. B) slower job growth. C) higher real wage growth. D) A and B. E) all of the above.

Economics