In an economy like that of the US,due to a variety of institutional and social factors,wages tend to be

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Wages in the US tend to be sticky, meaning they are slow to adjust to changes in market conditions such as supply and demand. This is due to factors such as minimum wage laws, collective bargaining agreements, and social norms around compensation. While wages may be flexible during periods of recession when unemployment is high, overall they are relatively rigid in the US economy.

In an Economy Like That of the US,due to a Variety