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Which of the following scenarios best illustrates the relative wage coordination argument for why wages may be sticky? Select the correct answer below: ABC Company
Which of the following scenarios best illustrates the relative wage coordination argument for why wages may be sticky? Select the correct answer below: ABC Company cannot reduce wages due to union contracts. Tiffany resists her employer cutting her wage during a tough recession because she suspects that her coworkers' wages are not being cut and believes that puts her at a disadvantage. Firm A lowers wages for some of its workers, which causes some of its best employees to move to other companies. Company X rarely changes wages in response to economic conditions, but will likely lay off workers when times are bad
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