Which of the following statements is false? Sticky wage theories presume that the main cause of unemployment is the existence of wage rigidities. Sticky wage theories explain frictional, structural and cyclical unemployment. Union bargaining theory is an example of a sticky wage theory. None of the above statements are false.

Which of the following statements is false? Sticky wage theories presume that the main cause of unemployment is the existence of wage rigidities. Sticky wage theories explain frictional, structural and cyclical unemployment. Union bargaining theory is an example of a sticky wage theory. None of the above statements are false.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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