Homework: Chapter28 hw1 Question 13, 28.4-11 HW Score: 25%, 8 c O Points: 0 of 1 The relative-wage explanation for the e

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Homework Chapter28 Hw1 Question 13 28 4 11 Hw Score 25 8 C O Points 0 Of 1 The Relative Wage Explanation For The E 1 (24.14 KiB) Viewed 16 times

Homework: Chapter28 hw1 Question 13, 28.4-11 HW Score: 25%, 8 c O Points: 0 of 1 The relative-wage explanation for the existence of downwardly sticky wages emphasizes OA the incentive that firms may have to hold wages above the market clearing rate. OB. the contention that workers in one industry may be unwilling to accept a wage cut, unless they know that workers in other firms and industries are receiving similar cuts OC. unspoken agreements between workers and firms that firms will not out wages. OD. employment contracts that stipulate workers' wages, usually for a period of one to three years.