Economy, asked by mnikki464, 9 months ago

what is Rachet effect?

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Answered by vish143690

Answer:

hey mate here is your answer

Explanation:

the ratchet effect refers to a situation where workers subject to performance pay choose to restrict their output, because they rationally anticipate that firms will respond to higher output levels by raising output requirements or cutting pay.

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Answered by Anonymous

Hope this helps you

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what is Rachet effect?​

Answers

what is Rachet effect?