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Nominal wages react slowly to changes in output for the following reasons,except one.Which is the exception?
Separation of Powers
A principle of governance in which the state's responsibilities are divided into distinct branches (typically legislative, executive, and judicial) to prevent abuse of power and ensure checks and balances.
Executive
A high-ranking official or administrator, especially those who manage organizations or governmental agencies.
Legislative
Relating to the branch of government responsible for making laws, or the process involved in creating legislation.
Federal Preemption
A legal doctrine allowing federal law to take precedence over conflicting state laws.
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