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Wages may be sticky in the short run due to?
a. so few workers being unionized b. firms wanting to make a profit at the expense of employees c. government regulation d. some wages being governed by long-term contracts
Public Comments
- d. some wages being governed by long-term contracts This is the textbook answer, anyway. In the short run, overall worker wages are set by some kind of contract - it could be a negotiated union contract, a company policy of reviewing wages no more than once a year, etc.
