What Is Meant by the Phrase "Prices Are Sticky

Multiple Choice

What is meant by the phrase "prices are sticky"?

A) In the short run,suppliers expect future prices to remain constant.
B) In the short run,contracts,loans,and wages are often fixed.
C) In the long run,contracts,loans,and wages are often fixed.
D) In the long run,suppliers expect future prices to remain constant.
E) In the long run,people demand constant real wages.