Efficiency wage theory helps explain A) persistent unemployment. B) long-run trade imbalances between countries. C) low...
Efficiency wage theory helps explain
A) persistent unemployment.
B) long-run trade imbalances between countries.
C) low rates of inflation.
D) why some companies are more efficient than others in the same industry.
Homework Answers
Option A.
- Efficiency wage theory helps in explaining the persistant nature of unemployment that occur in an economy. It explains the real wage rigidities when unemployment persists.
- According to this theory, an increase in the wage above the equilibrium level will lead to an increase in workers productivity level.
Add Answer to:
Efficiency wage theory helps explain
A) persistent unemployment.
B) long-run trade imbalances between countries.
C) low...
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