In the Short Run, Nominal Wages and Other Input Prices

Multiple Choice

In the short run, nominal wages and other input prices are assumed to be:

A) Unresponsive to product price-level changes, but in the long run they are assumed to be responsive
B) Unresponsive to product price-level changes, and in the long run they are assumed to be unresponsive also
C) Responsive to product price-level changes, but in the long run they are assumed to be unresponsive
D) Responsive to product price-level changes, and in the long run they are assumed to be responsive also