Wage freeze is a policy measure aimed at
ECONOMICS
JAMB 2014
Wage freeze is a policy measure aimed at
- A. encouraging investors
- B. curbing inflation
- C. regulating standard of living
- D. curbing deflation
Correct Answer: B. curbing inflation
Explanation
Wage Freeze; A policy in which a company refuses to raise wages and salaries for a period of time. A wage freeze is usually instituted when a company is having a difficult time financially and wishes to avoid layoffs or other cutbacks.
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