In the short run, wages and some prices are considered to be:
A) sticky.
B) unpredictable.
C) extremely flexible.
D) irrelevant.

Name: In the short run, wages and some prices are considered to be: A) sticky. B) unpredictable. C) extremely flexible. D) irrelevant.
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Question

Quizplus · Accepted Answer

Wages and some prices are considered to be sticky in the short run, meaning they do not adjust quickly to changes in supply and demand. This can lead to imbalances in the economy and contribute to economic downturns or recessions.

In the Short Run, Wages and Some Prices Are Considered