Why don't firms want to cut nominal wages?
A. Because they don't want to decrease worker morale
B. Because laws in many states prevent it
C. Because there is never any reason to cut nominal wages
D. Because renegotiating wages is a costly process
Ans: A. Because they don't want to decrease worker morale
Economics
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The quantity of a public good supplied by a private market is
A) smaller than the efficient quantity. B) equal to the efficient quantity. C) larger than the efficient quantity. D) the quantity that maximizes total public benefit.
Economics
________: the area above the market supply curve and below the market equilibrium price
Fill in the blank(s) with correct word
Economics