are the reasons that wages are not very flexible to the downside. (Check all that apply)...

Question

Question

Answer 1

Answer #1

Labor contracts, price floor in the labor market and labor union are the reason why the wages are not flexible downside in the market.

the answer is "B", "C" and "D".

All these factors in the market prevent the wages for falling when there is a decrease in the price level or there is a depression in the market.

Answer 2

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