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In Reality, Why Don't Wages Fall During Recessions

Question 38

Multiple Choice
In reality, why don't wages fall during recessions?
A) Wages are sticky downwards.
B) Worker morale.
C) Workers need to pay their bills.
D) The federal government says so.
E) Some workers will be laid off so that wages do not have to decrease.

In reality, why don't wages fall during recessions?


A) Wages are sticky downwards.
B) Worker morale.
C) Workers need to pay their bills.
D) The federal government says so.
E) Some workers will be laid off so that wages do not have to decrease.

Correct Answer:

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