The main reason price rigidity in the United States takes the form of nominal rigidity is that
A) the prices of raw commodities are much more volatile in real terms in the United States than elsewhere.
B) the dollar has varied widely in value relative to alternatives.
C) the dollar has maintained a relatively stable value compared with other commodities that might be used to quote prices.
D) the prices of raw commodities are much less volatile in real terms in the United States than elsewhere.
E) none of the above.
Correct Answer:
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