There is a high degree of flexibility in real wages and a highly mobile labour force in most EU countries.

Name: There is a high degree of flexibility in real wages and a highly mobile labour force in most EU countries.
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Question

Quizplus · Accepted Answer

Many EU countries have strong labor protections, collective bargaining systems, and minimum wage laws, which limit the flexibility of real wages. Additionally, labor mobility is not always high, as many workers face barriers to moving between countries or regions.

There Is a High Degree of Flexibility in Real Wages