JAMB - Economics (2014 - No. 24)
Wage freeze is a policy measure aimed at
encouraging investors
curbing inflation
regulating standard of living
curbing deflation
Forklaring
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.