What Is Meant by the Phrase "Prices Are Sticky

question 135

Multiple Choice

What is meant by the phrase "prices are sticky"?

• A) In the short run,suppliers expect future prices to remain constant.
• B) In the short run,contracts,loans,and wages are often fixed.
• C) In the long run,contracts,loans,and wages are often fixed.
• D) In the long run,suppliers expect future prices to remain constant.
• E) In the long run,people demand constant real wages.

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Definitions:

HR Practices

Strategies, policies, and practices implemented by the Human Resources department to manage and support the workforce.

Cultural Assimilation

The process by which individuals or groups adopt the culture of another group, losing their original cultural identity.

International Context

Situations or activities that occur or are understood within the framework of global or cross-border interactions.

Reverse Culture Shock

The psychological and emotional stress experienced by individuals upon returning to their home country after they have grown accustomed to a different culture during an extended period abroad.