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It is an economic theory that states that wage rates are said to be "sticky" when they do not respond quickly to changes in demand or supply. An example would be employment contracts. If an economy is in recession or expansion, and the prices are either rising or falling, the wages of contract-bound employees do not change with economic changes.
What else can I help you with?
What do economists mean by the term sticky wage?
it is par day wage
What is wage fund theory?
Wage fund theory is proposed and developed by J.S. Mill. In this theory, the wage amount is being determined by the wage fund and the number of employees that are employed.
Why does the short run aggregate supply curve slope upward?
there are three reasons why the SRAS curve is upward sloping Sticky wages theory Sticky Price Theory misperception theory
The theory of wages are based on supply and demand for a worker's skills is called what theory?
market theory of wage determination.
What are the 3 theories of wage determination?
The three main theories of wage determination are the marginal productivity theory, the bargaining theory, and the efficiency wage theory. The marginal productivity theory posits that wages are determined by the value of the additional output generated by an employee. The bargaining theory suggests that wages result from negotiations between employers and employees, influenced by factors like labor market conditions and union presence. The efficiency wage theory argues that higher wages can lead to increased productivity and lower turnover, as employers seek to incentivize better performance and attract more qualified workers.
What do economists mean by the term sticky wage?
it is par day wage
What is wage fund theory?
Wage fund theory is proposed and developed by J.S. Mill. In this theory, the wage amount is being determined by the wage fund and the number of employees that are employed.
Why does the short run aggregate supply curve slope upward?
there are three reasons why the SRAS curve is upward sloping Sticky wages theory Sticky Price Theory misperception theory
The theory of wages are based on supply and demand for a worker's skills is called what theory?
market theory of wage determination.
Who propounded the wage fund theory?
J s mil
The theory of wages are based on supply and demand for a worker's skills is called what?
market theory of wage determination.
What moral theory would minimum wage law be justified most strongly?
The Stakeholder's theory in Ethics.
What was Thomas Malthus' minimum wage theory?
The Iron Law Of Wages
What are the 3 theories of wage determination?
The three main theories of wage determination are the marginal productivity theory, the bargaining theory, and the efficiency wage theory. The marginal productivity theory posits that wages are determined by the value of the additional output generated by an employee. The bargaining theory suggests that wages result from negotiations between employers and employees, influenced by factors like labor market conditions and union presence. The efficiency wage theory argues that higher wages can lead to increased productivity and lower turnover, as employers seek to incentivize better performance and attract more qualified workers.
What does the sticky price theory imply?
The sticky price theory suggests that prices do not adjust quickly to changes in demand or supply, leading to temporary imbalances in the economy. This can result in periods of high unemployment or inflation as prices and wages adjust slowly.
How does the market theory of wage determination reflect the forces of supply and demand?
True
Can an auto repossession cause wage garnishment if the car was purchased in Texas but I live in Louisiana?
That is a sticky question they could come to your state and garnish
