Wage contracts, efficiency wages, and the minimum wage are explanations for why:
A. Competition results in price wars
B. Wages tend to be inflexible downward
C. The aggregate demand curve slopes downward
D. There is little support for the existence of a real-balances effect
B. Wages tend to be inflexible downward
Economics
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Non-profit organizations may
a. issue stock. b. provide goods and services to members. c. pay income taxes. d. pay dividends.
Economics
The minimum level of net investment necessary to maintain the stock of capital depends on
A) the rate of interest and the size of the capital stock. B) the rate of depreciation and the size of the capital stock. C) the corporate profits tax and the interest rate. D) business confidence and the corporate profits tax.
Economics