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Economics
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22 Oct 2020

Wages are said to be sticky if they move down easily but move up only with difficulty.

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Unemployment: Short run
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Vaishali Yadav
Vaishali YadavLv10
22 Oct 2020

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Related questions

If the computer disk manufacturers move to countries with lower labor costs, then they will pay their workers lower wages. If computer disk manufacturers move to these countries, what will happen to the equilibrium quantity and price of computer disks?

A) Quantity and price decrease.

B) quantity increases, but price decreases

C) Quantity decreases, but price increases

two characteristics of oligopoly pricing that have frequently been observed are that:

A. oligopolists tend to practice a lot of price discrimination, and there tends to be a wide variance in oligopoly pricing.

B. oligopolistic firms' prices tend to fluctuate a lot, and these prices tend to move together with each other.

C. oligopolistic firms' prices tend to fluctuate a lot, and there tends to be a wide variance in oligopoly pricing.

D. oligopolistic prices tend to be "sticky" or inflexible, and when the firms do change their prices, they tend to do so together.

A5. If factor prices decrease, (A) (B) both the long-run and short-run average cost curves will shift downward. here will be a downward shift in the long-run average cost curve but not in the short-run average cost curve. a firm will move down along its long-run average cost curve only. a firm will move down along both its long-run and short-run average cost curves. there will be no change in the cost curves in the long run. (D) (E)

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