In the short run, nominal wages and other input prices are assumed to be
A) unresponsive to product price-level changes, but in the long run they are assumed to be responsive.
B) unresponsive to product price-level changes, and in the long run they are assumed to be unresponsive also.
C) responsive to product price-level changes, but in the long run they are assumed to be unresponsive.
D) responsive to product price-level changes, and in the long run they are assumed to be responsive also.
Correct Answer:
Verified
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A)
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