An unspoken agreement between workers and firms that the firm will not cut wages is known as ?

Related Mcqs:

The view of the Phillips curve that prevailed in the 1960s implied that policies that ?

A. lower unemployment rate will tend to lower the inflation rate B. lower unemployment rate will tend to raise the inflation rate C. raise inflation rate will tend to raise the unemployment rate D. lower inflation rate will tend to raise the unemployment rate...

The expectations augmented Phillips curve was the Work of which group of economists ?

A. New classical economists B. Keynesian. C. Monetarists D. Marxists....

An advocate of the classical model of the economy would claim that unemployment is created when the ____ is above its equilibrium level in the ______?

A. price level, aggregate economy B. tax rate, government budget C. wage rate, labor market D. interest rate, market for loanable funds...

Doubts about the natural and the existences of the Phillips curve arose in the 1970s when the economy experienced ?

A. a high rate of inflation: along with a low rate of unemployment B. simultaneously low rates of inflation and unemployment C. simultaneously high rates of inflation and unemployment D. a high rate of unemployment along with a low rate of inflation...

The Phillips curve shows the trade-off between _____ and _____?

A. the inflation rate, interest rates B. the inflation rate, the unemployment rate C. interest rates, output D. output, employment...