A reason that nominal wages might be sticky is:

Question

Quizplus · Accepted Answer

Nominal wages may be sticky due to contracts between workers and employers. These contracts often specify wage levels for a certain period of time, and it may be difficult for employers to change wages without renegotiating these contracts. This can lead to nominal wage rigidity, which can have negative effects on the labor market and the economy as a whole. Choices A and C are not accurate as the government does not set all wages and incomplete information about wages at other jobs is not a significant factor in nominal wage stickiness.

A Reason That Nominal Wages Might Be Sticky Is