QuestionJuly 26, 2025

Wages tend to be sticky in part A because of contracts B because of taxes C because of government purchases D because of budget deficits

Wages tend to be sticky in part A because of contracts B because of taxes C because of government purchases D because of budget deficits
Wages tend to be sticky in part
A because of contracts
B because of taxes
C because of government purchases
D because of budget deficits

Solution
3.7(275 votes)

Answer

A because of contracts Explanation 1. Identify the reason for wage stickiness Wages are often sticky due to long-term contracts that fix wages over a period, preventing immediate adjustments.

Explanation

1. Identify the reason for wage stickiness<br /> Wages are often sticky due to long-term contracts that fix wages over a period, preventing immediate adjustments.
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