When Economists Say Wages Are "Sticky," They Mean That Wages

question 71

Multiple Choice

When economists say wages are "sticky," they mean that wages:

• A) are slow to adjust to changes in the economy.
• B) are subject to a wide range of regulations from the government.
• C) tend to change before other indicators of the business cycle.
• D) are unpredictable in terms of how they will change.

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Definitions:

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An object-oriented programming language that extends the C programming language, widely used for software development.

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The process by which certain groups are pushed to the edge of society by limiting their access to resources and opportunities, often resulting in social and economic exclusion.

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