Money wages may not fall in a labor market when there is a decrease in the demand for labor because:
A) workers' are being paid the minimum wage.
B) workers consider it in their best interest to be laid off rather than take a pay cut.
C) employers are bound by labor agreements specifying the wages that must be paid.
D) all of the above.
Correct Answer:
Verified
Q66: Q67: Which of the following is NOT an Q68: If wages are rigid and labor demand Q69: Wage rigidity can be attributed to: Q70: Which of the following most accurately describes Q72: If the minimum wage is above the Q73: If the minimum wage is below the Q74: Minimum wage laws will increase unemployment if Q75: A minimum wage of $8.00 in a Q76: The federal minimum wage:
A) labor
A) was instituted in
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