Which one of the following statements is the most accurate?
A) There is a lively academic debate over the possibility that seemingly sticky wages and prices are in reality quite fixed.
B) There is a lively academic debate over the possibility that seemingly sticky wages and prices are in reality much more sticky than theory assumes.
C) There is a lively academic debate over the possibility that seemingly sticky wages and prices are in reality quite flexible.
D) There is no debate over the possibility that wages and prices are sticky in the long run.
E) There is no debate over the possibility that wages and prices are sticky in the short run.
Correct Answer:
Verified
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