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Provide five (5) reasons why product prices are sticky in the short run.

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Economics

Provide five (5) reasons why product prices are sticky in theshort run.

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In view of the claims regarding nominal wage stickiness the rigidity of other prices is easier to explain Because wages are a major component of the overall cost of doing business wage stickiness can lead to stickiness of the production price Until changing their prices at least some companies will take a wait and    See Answer
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