The correct answer is the perceptions of the organizational
politics. This is defined as the nature of the work environments by which it is
being discussed that includes situational and personal factors that affects the
perceptions of the organizational politics.
Answer:
The correct answer is letter "A": With the longer duration of unemployment benefits, firms needed to keep wages high to attract people to work. This caused downward wage rigidity, leading to persistent higher unemployment.
Explanation:
The Great Recession (2007-2009) is the period in U.S. economics when it suffered a high-scale dwindle as a result of the collapse in the real estate market and the subprime mortgage crisis. The financial sector collapsed as well forcing some banks to declare bankruptcy.
In this context, long-lasting unemployment benefits were provided such us <em>downward wage rigidity</em>, which implied employers were unable to reduce the salaries in dollar terms. By doing that, having low to none income, in order to meet their income objectives, major organizations had to lay off employees directly causing the rate of unemployment increase.
The field of behavioral economics examines the influence of cognitive biases and attribution errors on people's economic decision making.
<span>behavioral economics is a psychological approach that analyzes how a person's behavior could influence their economic decision.
People with a cognitive bias that belief that killing animal is a murder for example, will be unlikely to buy animal product, such as beef, fur coat, etc</span>
